Weiss & Lurie and Leeds Morelli & Brown Announce the Proposed Settlement of In re VoiceFlash Networks, Inc. Securities Litigation

Weiss & Lurie and Leeds Morelli & Brown Announce the Proposed Settlement of In re VoiceFlash Networks, Inc. Securities Litigation - 2/6/2007

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HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

SETTLEMENT NEWS:

Weiss & Lurie and Leeds Morelli & Brown Announce the Proposed Settlement of In re VoiceFlash Networks, Inc. Securities Litigation
Staff Writer

Business Wire. February 6, 2007
_________________________________________________________________________

EXCERPT: The United States District Court for the Southern district of Florida (the "Court") has ordered that notice be given of the proposed settlement, motion for attorneys fees and settlement fairness hearing in the class action entitled In re VoiceFlash Networks, Inc. Securities Litigation, 03-80099-Civ-Marra/Seltzer, to all persons who purchased shares of the common stock of VoiceFlash Networks, Inc. ("VoiceFlash") during the period from March 15, 2002 to January 24, 2003, both dates inclusive, (the "Settlement Class," the "Class Period"). Excluded from the Settlement Class are Defendants, members of the immediate family of the Individual Defendant, any entity in which any Defendant has or had a controlling interest, and the legal representatives, heirs, successors, or assigns of any Defendant. A hearing has been scheduled before this Court on March 29, 2007 for the purpose of determining: (1) whether the Class should be finally certified as satisfying the applicable prerequisites for class action treatment under Fed. R. Civ. P. 23(a) and (b); (2) whether the proposed settlement of the above Action for the principal amount of $600,000, plus accrued interest should be approved by the Court as fair, reasonable and adequate; (3) whether a Final Judgment approving the Settlement and dismissing this litigation on the merits and with prejudice should be entered; and (4) whether an application of Class counsel for the payment of Attorneys' Fees and Expenses are reasonable and should be approved.

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