Finkelstein & Krinsk, LLP Announces Class Action Lawsuit Against MAGICJACK and its Board of Directors.

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