VoIP-Pal.com Announces Withdrawal and Refiling of Antitrust and Class Action Complaints

VoIP-Pal.com announced the strategic withdrawal and refiling of its antitrust lawsuit, along with a parallel class action complaint originally filed on August 17, 2024. These revised filings bolster the legal foundation of the initial complaints and underscore VoIP-Pal's commitment to challenging alleged anti-competitive practices in the telecommunications industry. The new complaints will be posted on the Company website: www.voip-palusa.com.

The refiled complaints, submitted on October 25, 2024, incorporate adjustments aimed at addressing newly identified factors and strengthening the original legal arguments. The new complaints maintain the core allegations of the original lawsuits, emphasizing alleged violations of key provisions in U.S. antitrust law: specifically, Sections 1 and 2 of the Sherman Act, which address unlawful restraints of trade and monopolization; Sections 3, 4, and 7 of the Clayton Act, covering exclusive dealings, remedies, and anti-competitive mergers; and Section 251 of the Telecommunications Act of 1996, which mandates fair competition practices in telecommunications.

Emil Malak, CEO of VoIP-Pal, commented, “Our decision to pursue antitrust litigation was a carefully considered, strategic move that we strongly believe in. This action strengthens our ability to address entrenched monopolistic practices and anti-competitive behaviors that have restricted consumer choice and placed VoIP-Pal at a competitive disadvantage. We are confident that this focused litigation will better position us to achieve an equitable resolution and address long-standing industry practices that are detrimental to fair competition. We appreciate our shareholders for their patience and trust in our mission, and we are optimistic that our persistence will yield positive results for VoIP-Pal and our valued shareholders.”

VoIP-Pal will continue to post regular updates on the company’s website, offering in-depth insights into the legal process, with periodic letters from the CEO to shareholders to ensure transparency and ongoing information regarding the progress of these cases.

Source: VoIP-Pal.com media announcement