Settlements and Verdicts

VoIP Providers Sonus, Vonage Settle Shareholder Class Actions

Two Voice over Internet Protocol (VoIP) providers settled class action lawsuits last week. Sonus settled its shareholder class action for $9.6 million. The suit alleged that Sonus had issued false statements about its financial health.

Vonage, another VoIP, also settled its shareholder class action for an undisclosed amount.

JUN-22-09: Sonus, Vonage settle class-action suits [FIERCE VOIP: SONUS, VONAGE SETTLE CLASS ACTION SUITS]

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