The court’s decision allows VoIP-Pal to refine its federal antitrust claims while narrowing the litigation to focus on alleged violations of the Sherman Act.
Key Investor Takeaways – VoIP-Pal.com (USOTC:VPLM) received court approval to file an amended antitrust complaint in its District of Columbia litigation. – The revised complaint will focus exclusively on federal antitrust claims under Sections 1 and 2 of the Sherman Act. – The company will discontinue its RICO claims and several other counts to streamline the litigation. – Management says the amended filing will further develop allegations that major wireless carriers excluded independent Wi-Fi calling providers from the market. – The amended complaint must be filed within 30 days and is limited to 60 pages
Why (USOTC:VPLM) Stock Is in Focus VoIP-Pal.com (USOTC:VPLM) announced that the U.S. District Court for the District of Columbia has granted the company permission to file an amended complaint in its litigation against AT&T, Verizon and T-Mobile. The amended filing will concentrate on the company’s federal antitrust claims under Sections 1 and 2 of the Sherman Act.
According to VoIP-Pal, the revised complaint will expand on allegations that relationships between wireless carriers and mobile platform providers prevented independent companies from competing in the native Wi-Fi calling market. As part of the court’s guidance, the company will streamline the case by dropping several claims, including those brought under the Racketeer Influenced and Corrupt Organizations (RICO) Act, allowing the litigation to focus on its core antitrust allegations. VoIP-Pal stated that the Sherman Act claims remain central to both its carrier and platform-related lawsuits and believes the amended complaint will more clearly present its arguments regarding the alleged exclusion of independent competitors.