SAN DIEGO, Aug. 31, 2017 /PRNewswire/ -- Finkelstein &
Krinsk, LLP, the San Diego-based
law firm recognized for class action litigation involving investor
and consumer losses has filed a class action complaint against
MagicJack and its Board of Directors at the Southern District of
Florida on behalf of the current
MagicJack shareholders (Nasdaq:CALL) who were deprived of fair
corporate suffrage associated with Proxy materials content and
shareholder voting concerning the April 19,
2017 and July 31, 2017 proxy
solicitations.
If you wish to participate or serve as a lead plaintiff, you
must move the Court no later than 60 days from August 31, 2017. For more information about
the Finkelstein & Krinsk complaint or to talk to an attorney
about your options, contact Jeffrey R.
Krinsk (Finkelstein & Krinsk, LLP, 619-238-1333), or
email: jrk@classactionlaw.com. A class member may move the
Court to serve as lead plaintiff through counsel of their
choice.
The proxy statements at issue were prepared by the directors of
MagicJack. The Complaint alleges the directors denied
shareholders fair corporate suffrage after issuing two consecutive
false and misleading proxy and alleges the associated information
of the proxy statements and the proxy misrepresented material facts
concerning (1) the true value of the Broadsmart subsidiary and its
grossly impaired financials; (2) the true prospects of the
Broadsmart acquisition represented as a business springboard; (3)
the concealment of material issues in order to entrench MagicJack's
Board of Directors, and (4) related manipulation to gain
unwarranted compensation in connection with attempts to sell the
Company and extract personal recompense.
Finkelstein & Krinsk, LLP practices law nationwide and has a
reputation for superior work and excellent results. Please call
(toll-free 877-493-5366), email: jrk@classactionlaw.com, or
otherwise contact Finkelstein & Krinsk as follows:
619-238-1333, 619-238-5425 fax, 550 C St, San Diego, CA 92101.
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SOURCE Finkelstein & Krinsk LLP