Case Page

 

Case Status:    ONGOING    
On or around 08/14/2017 (Ongoing date of last review)

Filing Date: August 11, 2017

According to the Complaint, it is alleged that in proxy statements issued by the defendants, including the the April 19th Notice
of Shareholders Annual meeting, (the “April 19th 2017 Proxy”) and the subsequent July 31, 2017 (the “July 2017 Proxy”), Defendants misrepresented material facts concerning (1) the true value of Broadsmart, which was acquired in early 2016, and was grossly impaired financially (2) the true future prospects of Broadsmart were misstated and inaccurate in an effort which, combines, allowed three (3) the Individual Defendants to conceal material issues so that they could entrench themselves on magicJack’s Board of Director's and (4) plunder the company by manipulating facts to obtain unwarranted compensation in connection with their attempt to sell the Company and extract compensation which, but for the misstatements of the combined Proxy Statements would not have been possible.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: CALL
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Florida
DOCKET #: 17-CV-80940
JUDGE: Hon. Robin L. Rosenberg
DATE FILED: 08/11/2017
CLASS PERIOD START: 04/19/2017
CLASS PERIOD END: 07/31/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  2. Kyle Charles Young PL
    205 Worth Avenue Ste. 201, Kyle Charles Young PL , FL 33480
    (561) 635-1114 (561) 300-2180 ·
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