VoIP-Pal and Plaintiffs File Groundbreaking Antitrust Lawsuits Against AT&T, Verizon, T-Mobile, and Deutsche Telekom
VoIP-Pal.com Inc. (OTCQB: VPLM) has filed an antitrust lawsuit against AT&T, Verizon, T-Mobile, and Deutsche Telekom in the U.S. District Court for the District of Columbia. A parallel class action lawsuit representing 373 million American smartphone subscribers has also been filed. Both lawsuits allege violations of Sherman Act Sections 1 and 2, and Clayton Act Sections 3, 4, and 7, accusing the telecom giants of anticompetitive practices.
VoIP-Pal and the class action plaintiffs have entered a third-party litigation funding agreement to cover legal fees and expenses. The cases aim to promote fairness and competition in the telecommunications market. This antitrust case is separate from VoIP-Pal's ongoing patent litigation in the Western District of Texas.
VoIP-Pal.com Inc. (OTCQB: VPLM) ha intentato una causa per violazione delle norme antitrust contro AT&T, Verizon, T-Mobile e Deutsche Telekom presso il Tribunale Distrettuale degli Stati Uniti per il Distretto di Columbia. È stata presentata anche una azione collettiva a favore di 373 milioni di abbonati americani agli smartphone. Entrambe le cause accusano violazioni delle Sezioni 1 e 2 del Sherman Act e delle Sezioni 3, 4 e 7 del Clayton Act, accusando i colossi delle telecomunicazioni di pratiche anticoncorrenziali.
VoIP-Pal e i querelanti dell'azione collettiva hanno stipulato un accordo di finanziamento per contenzioso di terzi per coprire le spese legali. I casi mirano a promuovere l'equità e la concorrenza nel mercato delle telecomunicazioni. Questa causa antitrust è separata dalla procedura di brevetto in corso di VoIP-Pal nel Distretto Occidentale del Texas.
VoIP-Pal.com Inc. (OTCQB: VPLM) ha presentado una contra AT&T, Verizon, T-Mobile y Deutsche Telekom en el Tribunal de Distrito de los Estados Unidos para el Distrito de Columbia. También se ha presentado una demanda colectiva que representa a 373 millones de suscriptores estadounidenses de smartphones. Ambas demandas alegan violaciones de las Secciones 1 y 2 de la Ley Sherman y las Secciones 3, 4 y 7 de la Ley Clayton, acusando a los gigantes de las telecomunicaciones de prácticas anticompetitivas.
VoIP-Pal y los demandantes de la acción colectiva han firmado un acuerdo de financiación de litigios de terceros para cubrir los gastos legales. Los casos tienen como objetivo promover la equidad y la competencia en el mercado de telecomunicaciones. Este caso antimonopolio es independiente del litigio de patentes en curso de VoIP-Pal en el Distrito Occidental de Texas.
VoIP-Pal.com Inc. (OTCQB: VPLM)는 AT&T, Verizon, T-Mobile 및 Deutsche Telekom을 상대로 컬럼비아 특별구 미국 지방 법원에 반독점 소송을 제기했습니다. 또한 3억 7천3백만 명의 미국 스마트폰 가입자를 대표하는 집단 소송도 제기되었습니다. 두 소송 모두 셔먼법 제1조 및 제2조, 클레이턴법 제3조, 제4조 및 제7조 위반을 주장하며, 통신 거대 기업들이 반경쟁적 관행을 하고 있다고 고소하고 있습니다.
VoIP-Pal과 집단 소송 원고들은 제3자 소송 자금 지원 계약을 체결하여 법률 비용과 경비를 충당하고 있습니다. 이 사건은 통신 시장에서의 공정성과 경쟁을 촉진하는 것을 목표로 하고 있습니다. 이 반독점 사건은 VoIP-Pal의 텍사스 서부 지청에서 진행 중인 특허 소송과는 별개입니다.
VoIP-Pal.com Inc. (OTCQB: VPLM) a déposé une plainte antitrust contre AT&T, Verizon, T-Mobile et Deutsche Telekom devant le tribunal de district des États-Unis pour le district de Columbia. Une action collective représentant 373 millions d'abonnés américains de smartphones a également été déposée. Les deux plaintes allèguent des violations des Sections 1 et 2 de la loi Sherman et des Sections 3, 4 et 7 de la loi Clayton, accusant les géants des télécommunications de pratiques anticoncurrentielles.
VoIP-Pal et les plaignants de l'action collective ont conclu un accord de financement des litiges par des tiers pour couvrir les frais juridiques et les dépenses. Les affaires visent à promouvoir l'équité et la concurrence sur le marché des télécommunications. Cette affaire antitrust est distincte du litige en matière de brevets en cours de VoIP-Pal dans le district occidental du Texas.
VoIP-Pal.com Inc. (OTCQB: VPLM) hat eine Klage wegen Antitrustverstöße gegen AT&T, Verizon, T-Mobile und Deutsche Telekom beim US-Bezirksgericht für den Distrikt von Columbia eingereicht. Zudem wurde eine Sammlungsklage im Namen von 373 Millionen amerikanischen Smartphone-Abonnenten eingereicht. Beide Klagen werfen Verstöße gegen die Sections 1 und 2 des Sherman Act sowie die Sections 3, 4 und 7 des Clayton Act vor und beschuldigen die Telekommunikationsriesen wettbewerbswidriger Praktiken.
VoIP-Pal und die Kläger der Sammelklage haben eine Vereinbarung zur Drittfinanzierung von Rechtsstreitigkeiten getroffen, um die Anwaltskosten und Ausgaben zu decken. Die Fälle zielen darauf ab, Fairness und Wettbewerb im Telekommunikationsmarkt zu fördern. Dieser Antitrust-Fall ist unabhängig von den laufenden Patentstreitigkeiten von VoIP-Pal im westlichen Distrikt von Texas.
- VoIP-Pal is taking proactive legal action against major telecom companies, potentially leading to improved market competition
- The company has secured third-party litigation funding, reducing financial burden on VoIP-Pal
- The lawsuit's high-profile nature could increase visibility for VoIP-Pal in the telecom industry
- Legal proceedings can be lengthy and costly, potentially impacting VoIP-Pal's resources
- The outcome of the antitrust lawsuit is uncertain and could affect the company's future prospects
- VoIP-Pal's stock price ($.0128) is significantly lower than the defendants', indicating a substantial market cap difference
WACO, Texas, Aug. 21, 2024 (GLOBE NEWSWIRE) -- VoIP-Pal.com Inc. (“VoIP-Pal,” “Company”) (OTCQB: VPLM) has filed an antitrust lawsuit (Case No. 1:24-cv-02395) against telecommunications giants AT&T, Verizon, T-Mobile, and Deutsche Telekom in the United States District Court for the District of Columbia. A parallel and independent class action lawsuit (Case No. 1:24-cv-02397) representing 373 million American smartphone subscribers has also been filed against the same defendants.
Both lawsuits allege violations of key sections of U.S. antitrust law: Sherman Act Sections 1 and 2, and Clayton Act Sections 3, 4, and 7. These filings accuse the telecom giants of engaging in anticompetitive practices that restrict competition and harm consumers.
“This lawsuit represents an important step in our effort to promote fairness and competition in the telecommunications market,” said VoIP-Pal CEO Emil Malak. “We believe these companies have used their market position to limit choices and increase costs for consumers. Our goal is to challenge these practices and help ensure a more equitable market for everyone. We are not going anywhere! Patience is a virtue.”
The legal actions have been filed in the U.S. District Court for the District of Columbia, the same venue that presided over landmark antitrust cases like United States v. Microsoft Corp. and the recently decided United States v. Google LLC. The Google and Microsoft cases addressed violations under Sherman Act Sections 1 and 2, focusing on market dominance and exclusionary practices. Similarly, the VoIP-Pal and class action lawsuits also cite Sherman Act Sections 1 and 2 but go further by alleging additional violations under Clayton Act Sections 3, 4, and 7, covering a broader scope of anticompetitive behavior.
The class action lawsuit, while independent of VoIP-Pal’s antitrust suit, shares a common objective: to hold these telecom giants accountable for their harmful conduct. To ensure both lawsuits are adequately funded, VoIP-Pal and the plaintiffs in the class action have entered into a third-party litigation funding agreement, subject to court approval. This collaboration allows VoIP-Pal to cover all legal fees and ongoing expenses for the class action while maintaining the independence of the cases.
Both cases underscore the pervasive nature of the alleged antitrust violations, drawing parallels with significant legal battles that have shaped the landscape of U.S. antitrust law. By expanding the claims to include violations under the Clayton Act, these lawsuits emphasize the broad impact of the telecom defendants’ conduct on consumers and market competition.
This antitrust case is separate from the patent litigation cases the Company is litigating in the Western District of Texas, asserting the RBR ‘815, ‘005, and '606 patents and the Mobile Gateway patents. Updates on those cases will be forthcoming soon.
As of the latest trading session, the closing prices for each company's stock were as follows: AT&T at
About VoIP-Pal.com Inc.
VoIP-Pal.Com, Inc. (“VoIP-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Waco, TX. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize.
Any forecast of future financial performance is a “forward looking statement” under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment. While the Company believes in the circumstances that legal action is needed to monetize its patents, patent litigation involves various risks and uncertainties that could affect its ability to monetize the patents. We recognize that it is impossible to predict the specific outcomes of litigation.
Corporate Website: www.voip-pal.com
IR inquiries: IR@voip-pal.com
IR Contact: Rich Inza (954) 495-4600
FAQ
What antitrust laws does VoIP-Pal's lawsuit against telecom giants allege were violated?
How many American smartphone subscribers does the class action lawsuit represent in the case against telecom companies?
What is the stock symbol for VoIP-Pal.com Inc. mentioned in the antitrust lawsuit news?
How is VoIP-Pal funding the antitrust and class action lawsuits against telecom giants?
