VoIP-Pal Launches Landmark Antitrust Lawsuits Against Telecom Giants
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VoIP-Pal Files Antitrust Lawsuits Against Major Telecom Companies
VoIP-Pal.com Inc. (“VoIP-Pal,” “Company”) (OTCQB: VPLM) has filed an antitrust lawsuit 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 representing 373 million American smartphone subscribers has also been filed against the same defendants.
Allegations of Anticompetitive Practices
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.
VoIP-Pal's Commitment to Fair Competition
“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.”
Key Legal Venue and Historical Context
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. 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.
Funding for Legal Actions
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.
Impact of Legal Actions on the Telecom Sector
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.
Ongoing Patent Litigation
This antitrust case is separate from the patent litigation cases the Company is litigating, asserting the RBR patents and the Mobile Gateway patents. Updates on those cases will be forthcoming soon.
Recent Stock Performance of Involved Companies
As of the latest trading session, the closing prices for each company's stock were as follows: AT&T at $19.49, Verizon at $40.85, T-Mobile at $196.22, and VoIP-Pal at $0.0128.
About VoIP-Pal.com Inc.
VoIP-Pal.Com, Inc. (“VoIP-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Texas. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize.
Frequently Asked Questions
What lawsuits has VoIP-Pal filed?
VoIP-Pal has filed an antitrust lawsuit against AT&T, Verizon, T-Mobile, and Deutsche Telekom, along with a parallel class action lawsuit.
What are the main allegations in these lawsuits?
The lawsuits allege violations of U.S. antitrust laws, including engaging in anticompetitive practices that harm consumers.
Who is funding the legal actions?
VoIP-Pal and the class action plaintiffs have entered into a third-party litigation funding agreement to ensure the lawsuits are adequately funded.
What is VoIP-Pal's current stock price?
As of the latest trading session, VoIP-Pal's stock price closed at $0.0128.
What other legal actions is VoIP-Pal involved in?
VoIP-Pal is also involved in ongoing patent litigation related to several patents, distinct from the antitrust case.
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