Replies to post #135415 on Voip Pal Com Inc (VPLM)

[ORCA]

TIME IS RUNNING OUT FOR THE BIG BOYS.SETTLE ASAP.OR BECOME TOAST.ONCE THE RICO NEWS COME TO SERVE ALL THE MANAGERS,INSIDERS ETC.THINGS WILL GET VERY UGLY FOR THE FAMILIES OF THESE PEOPLE.

Amended Complaint Highlights

• RICO Claims Added

The amended complaint introduces claims under the Racketeer Influenced and Corrupt Organizations Act (RICO), alleging practices that the Company believes has harmed consumers and competition. These claims highlight concerns about market behavior that could potentially impact millions of American smartphone subscribers.

• Deutsche Telekom Added as a Defendant

Deutsche Telekom, the majority owner (51.2%) of T-Mobile US, has been added as a defendant. The amended complaint raises concerns regarding its potential involvement in practices that may limit market competition and negatively affect consumers.

• Proposed Subscriber Restitution Fund

The amended complaint outlines a proposed framework for subscriber restitution aimed at addressing the alleged harm. Preliminary details suggest:

Potentially eligible subscribers served by AT&T, Verizon, and T-Mobile could receive a $12 monthly discount on their phone bills for up to five years.
This framework reflects an estimated total value of $268.56 billion and is subject to further legal review and approval.
VoIP-Pal is currently one of the lead plaintiffs in this litigation and is actively expanding the group of lead plaintiffs to include additional representation. Interviews with prospective lead plaintiffs are ongoing, with the goal of securing over nine total lead plaintiffs to strengthen the case.

Emil Malak, Chairman and CEO of VoIP-Pal, said, "We are optimistic about continuing discussions with the defendants with the objective of achieving significant progress, and our hope is to begin negotiations soon. We are prepared to take the necessary steps if progress is not made by February 28, 2025. We appreciate the continued trust and support of our valued shareholders as we work toward delivering meaningful outcomes for consumers, promoting fair competition, and advancing innovation in the marketplace."