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VoIP Providers Sonus, Vonage Settle Shareholder Class Actions


This is a settlement for the Media/Telecom lawsuit.

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.

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Published on Jun-22-09


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