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Investment Opportunity (AXcess News) Houston, TX - Investors filed a class-action lawsuit against Vonage Holdings Corp. (NYSE: VG) Friday over its IPO, claiming that the offering to customers was a way to ensure the Offering would be filled due to concern from institutional investors.

Banc Of America Investment The lawsuit wasfiled in theUnited States District Court for the District of New Jersey Friday by the Atlanta law firm of Motley Rice on behalf of shareholders.

Can I keep my existing number To see if your number is transferable, Do I need any hardware besides a Vonage phone adapter Just a touchtone phone! What do I need to use Vonage (1) speed Internet connection, (2) A billing and shipping address, (3) A Vonage phone adapter from us or one of our retail partners and (4) A touchtone phone. That's it! What is Vonage

Banking Investment The lawyers claim that shareholders losses since the debut of Vonage's IPO are directly related to the company and investors pushing an IPO intended to pay off debt, knowing the Internet telephony provider was losing money.

He also successfully advised a real estate company on refinancing, which led to a $275 million IPO offering.

Investment Solution Strategic An alert reader pointed out to AXcess News Saturday that Vonage nor its underwritershadn't doneany preliminary screening of its investors, referring to the offer being made to Vonage customers. "They were supposed to by law," said AXcess News' reader. "They didn't. If the NASD and the NYSE don't jump in early this week to pull the plug on the IPO, then Vonage IPO participants will have to depend upon the emerging number of class action law suits." But it appears that Motley Rice was one step ahead of AXcess News' reader and filed its class-action suit Friday.

(1) by certified mail at the last mailing address that you registered with Vonage; or (2) by email addressed to you at the last email address you registered with Vonage. (C) The Notice of Dispute must (1) describe the nature and basis of the dispute or claim; and (2) set forth the specific relief sought. (D) If you and Vonage do not reach an agreement to resolve the dispute or claim within thirty (30) days after the Notice of Dispute is received, you or Vonage may commence an arbitration proceeding. //www.adr. si.asp id=2062. The amount of any settlement offer made by you or Vonage shall not be disclosed to the arbitrator until after the arbitrator determines the amount, if any, to which you or Vonage is entitled.

Investment Banking Services Last week shareholders who bought stock in the Vonage IPO began having second thoughts. Vonage released a statement saying that those customers who bought shares had to pay for them, while on Tuesday, Vonage said that its underwriters would not be liable, implying that investors themselves could back out of paying for their IPO shares.

Bank Investment Motley Rice says that Vonage's actions are directly tied to the loss in share price and accuses the Internet telephone provider of breaking several laws.

Alternative Investment The Atlanta lawfirm saidVonagepre-sold at least 13.5% of the Company's IPO shares to its customers in violation of NASD Rule 2310. NASD Rule 2310 requires that a company recommending the purchase or sale of its securities to a customer must have a reasonable basis for believing that the recommendation is suitable for the customer. The Complaint also allegesVonage improperly crammed investors into the Vonage IPO regardless of their suitability.

Online Investment Services Lawyers for Motley Rice stated in an announcement Saturday, "Vonage had agreed to indemnify the Underwriter Defendants against certain liabilities relating to the customer pre-sale program; among those liabilities was the foreseeable possibility that customers who purchased in the IPO would refuse or fail to pay for the common stock allocated to them in the pre-sale."

Accompany Essential Investment "As a result of this alleged illegal conduct, shares of Vonage sold in the IPO declined more than 30% in the first seven trading days. The decline in value of these shares has been substantially exacerbated by many Vonage customers who participated in the pre-sale now refusing to pay for their shares," the lawyers concluded.

Investment Company Motley Rice is urging Vonage customers andinvestorswho bought shares in its IPO to contact to the law firm.

Investment Management Solution Shares of Vonage rose 30 cents, or 2.5 percent, to $12.28 in early afternoon trading Monday following news of the IPO class-action lawsuit.

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