Vonage class action law firms reaching out for plaintiffs: this email proves it

The body of the email contained a vonageclassaction@motleyrice.com return address, and seemed to indicate a willingness on the part of MotleyRice to hear from Vonage investors who might wish to participate in the class-action suit. 

Specifically bearing the qualifier that this was not to be considered privileged attorney-client information, the email said in part:

As you can imagine, we are receiving many inquiries regarding our recently filed lawsuit. The putative class action seeks damages on behalf of all investors who purchased VG stock in the IPO, including customers who participated in the direct share program (DSP), and were damaged as a result. Investors who purchased in the IPO and subsequently sold the stock at a loss are included within the proposed class definition.

People still holding the stock at a loss (those with an unrealized loss) are also included within the proposed class definition. If you fall within the proposed class definition, you are automatically a member of the putative class. If the class is certified, you may, of course, opt out if you wish.

We are putting together a listing of potential class members, which we will provide to the claims administrator in this case whether we are appointed lead counsel or not, if there is a settlement recovered in this matter. If you would like us to include you in this listing, please provide the information requested in Item 1 below.

In the world of shareholder class-action lawsuits, these solicitations are not unusual. I expect more of them.