VoIP-Pal Announces Objective for Financial Settlement by February 28, 2025
VoIP-Pal (OTCQB: VPLM) has received a 90-day extension from the United States District Court for the District of Columbia for serving process in its antitrust and class action lawsuits against major telecommunications providers. The new deadline is set for April 23, 2025.
The company has set February 28, 2025, as a target date for making progress toward a financial settlement. CEO Emil Malak emphasized that while this is their objective, shareholders should remain cautious about drawing conclusions due to litigation complexities. If significant progress isn't achieved by the target date, the company will consider various options, including informing the court, serving defendants, and potentially pursuing bifurcation to streamline the litigation process.
VoIP-Pal (OTCQB: VPLM) ha ricevuto un'estensione di 90 giorni da parte del Tribunale Distrettuale degli Stati Uniti per il Distretto di Columbia per la notifica legale nelle sue azioni legali antitrust e di classe contro i principali fornitori di telecomunicazioni. La nuova scadenza è fissata per il 23 aprile 2025.
L'azienda ha stabilito il 28 febbraio 2025 come data obiettivo per compiere progressi verso un accordo finanziario. Il CEO Emil Malak ha sottolineato che, sebbene questo sia il loro obiettivo, gli azionisti dovrebbero rimanere cauti nel trarre conclusioni a causa delle complessità legali. Se non si raggiungono progressi significativi entro la data obiettivo, l'azienda prenderà in considerazione varie opzioni, tra cui informare il tribunale, notificare i convenuti e potenzialmente perseguire una biforcazione per semplificare il processo legale.
VoIP-Pal (OTCQB: VPLM) ha recibido una extensión de 90 días del Tribunal de Distrito de Estados Unidos para el Distrito de Columbia para la notificación legal en sus demandas antimonopolio y de acción de clase contra los principales proveedores de telecomunicaciones. La nueva fecha límite está fijada para el 23 de abril de 2025.
La empresa ha fijado el 28 de febrero de 2025 como fecha objetivo para avanzar hacia un acuerdo financiero. El CEO Emil Malak enfatizó que, aunque este es su objetivo, los accionistas deben permanecer cautelosos al sacar conclusiones debido a las complejidades del litigio. Si no se logran avances significativos antes de la fecha objetivo, la empresa considerará varias opciones, incluyendo informar al tribunal, notificar a los demandados y potencialmente seguir con una bifurcación para agilizar el proceso judicial.
VoIP-Pal (OTCQB: VPLM)는 주요 통신 서비스 제공업체를 상대로 한 반독점 및 집단 소송에서 서류 서비스에 대한 90일 연장을 미국 콜롬비아 특별구 지방법원에서 받았습니다. 새로운 마감일은 2025년 4월 23일로 설정되었습니다.
회사는 재정적 합의로 나아가기 위한 목표 날짜로 2025년 2월 28일을 설정했습니다. CEO Emil Malak는 이것이 그들의 목표이지만, 주주들은 소송의 복잡성으로 인해 결론을 내리기 전에 신중해져야 한다고 강조했습니다. 목표 날짜까지 상당한 진전을 이루지 못한다면, 회사는 법원에 알리기, 피고에게 소환장 발송, 소송 과정을 간소화하기 위한 분리 추구 등을 포함한 다양한 옵션을 고려할 것입니다.
VoIP-Pal (OTCQB: VPLM) a reçu une extension de 90 jours du tribunal de district des États-Unis pour le district de Columbia pour notifier des actes dans ses poursuites antitrust et en action collective contre les principaux fournisseurs de télécommunications. La nouvelle date limite est fixée au 23 avril 2025.
L'entreprise a fixé le 28 février 2025 comme date cible pour réaliser des progrès vers un règlement financier. Le PDG Emil Malak a souligné que, bien que cela soit leur objectif, les actionnaires doivent rester prudents dans leurs conclusions en raison des complexités du litige. Si des progrès significatifs ne sont pas réalisés d'ici la date cible, l'entreprise envisagera diverses options, y compris informer le tribunal, notifier les défendeurs et éventuellement poursuivre une bifurcation pour simplifier le processus judiciaire.
VoIP-Pal (OTCQB: VPLM) hat eine 90-tägige Fristverlängerung vom United States District Court for the District of Columbia erhalten, um in seinen Antitrust- und Sammelklagen gegen große Telekommunikationsanbieter Prozess zuzustellen. Die neue Frist ist auf den 23. April 2025 festgesetzt.
Das Unternehmen hat 28. Februar 2025 als Zieltermin für Fortschritte in Richtung einer finanziellen Einigung festgelegt. CEO Emil Malak betonte, dass dies zwar ihr Ziel sei, die Aktionäre sollten jedoch vorsichtig sein, bevor sie aufgrund der Komplexität der Rechtsstreitigkeiten Schlussfolgerungen ziehen. Sollte bis zum Zieltermin kein signifikanter Fortschritt erzielt werden, wird das Unternehmen verschiedene Optionen in Betracht ziehen, darunter die Information des Gerichts, die Zustellung an die Beklagten sowie gegebenenfalls eine Aufspaltung des Verfahrens zur Straffung des Rechtsstreits.
- Received 90-day extension for legal proceedings, providing additional time for potential settlement discussions
- Clear timeline established with February 28, 2025 target date for settlement progress
- Uncertainty in litigation outcome and timeline
- No guarantee of settlement achievement by target date
Company Strives to Make Progress Toward a Resolution by February 28, 2025
WACO, Texas, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VoIP-Pal.com Inc. (“VoIP-Pal,” “Company”) (OTCQB: VPLM) is pleased to provide shareholders with an update on the Company’s ongoing antitrust and Class Action litigation against major telecommunications providers.
Motion for Extension of Time Granted
VoIP-Pal previously filed a motion to extend the deadline for serving process in its antitrust and class action lawsuits, Case Nos. 1:24-cv-03051-RDM and 1:24-cv-03054-RDM. The United States District Court for the District of Columbia has granted the motion, providing the Company with a 90-day extension to complete the process, with the new deadline now set for April 23, 2025. This extension provides additional time to complete procedural requirements and allows for the possibility of exploring resolutions while ensuring all claims are handled efficiently.
Targeting February 28, 2025, as a Goal
VoIP-Pal aims to explore opportunities for meaningful settlement discussions to achieve its primary objective: a fair financial resolution. The Company is striving to make progress by February 28, 2025, recognizing this as a goal subject to the inherent complexities of litigation.
“We are working toward meaningful progress by February 28, 2025, as our main objective," said Emil Malak, CEO of VoIP-Pal. "However, I want to caution shareholders against drawing any conclusions at this stage. While we are hopeful, the eventual outcome remains uncertain due to the complexities of litigation. If significant progress is not made by the target date, we will evaluate procedural options, including informing the court, serving the defendants, and potentially pursuing bifurcation to streamline the litigation process.”
Bifurcation, a legal process that separates specific issues for individual resolution, is one potential strategy to streamline complex litigation and focus on key matters if progress stalls.
“Recently, a longstanding shareholder in his 90s expressed a heartfelt concern, asking, “Will I live to see compensation on my investment?” This poignant question underscores the trust our shareholders have placed in us. “We remain steadfast in our commitment to honoring that trust by pursuing a fair resolution to the antitrust complaint through all appropriate means,” added Mr. Malak.
Featured Article in CEOCFO Magazine
A recent article and interview with CEO Emil Malak has been published in CEOCFO Magazine, highlighting VoIP-Pal’s business approach and ongoing efforts related to its litigation. This is the third feature by CEOCFO Magazine since the company began its antitrust litigation. Links to all three articles are available below:
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 related to Voice-over-Internet Protocol (“VoIP”) technology that it is currently seeking to monetize.
Forward-Looking Statements
This press release contains forward-looking statements as defined under securities laws. These statements are based on management’s beliefs and reflect the Company’s expectations regarding future outcomes. However, litigation outcomes are inherently uncertain, and there is no assurance that settlement discussions will occur or result in a resolution, nor that litigation will yield favorable outcomes. The timing and financial implications of litigation remain unpredictable.
For further information:
Corporate Website: www.voip-palusa.com
IR Inquiries: IR@voip-pal.com
IR Contact: Rich Inza, (954) 495-4600
FAQ
What is the new deadline for VoIP-Pal (VPLM) to complete its legal process service?
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