NEW YORK, Dec. 4, 2017 /PRNewswire/ — Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating magicJack VocalTec, Ltd. (“magicJack” or the “Company”)
relating to the sale of the Company to B. Riley Financial, Inc. As a result of the merger, magicJack shareholders are only anticipated to receive $8.71 in cash in exchange for each share of magicJack.
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The investigation focuses on whether magicJack and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company’s by 1) failing to conduct a fair process and 2) whether and by how much this proposed transaction undervalues the Company.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm that has recovered millions of dollars and iscommitted to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.
If you own common stock in magicJack and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building 350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC
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