Skip to main content

VoIP-Pal Announces Filing of Amended Complaint in Antitrust and RICO Lawsuit

Written by Customer Service on . Posted in Public Companies.

WACO, Texas, Dec. 19, 2024 (GLOBE NEWSWIRE) — VoIP-Pal.com Inc. (OTCQB: VPLM) today announced the filing of an amended complaint to the original complaint filed in October 2024, in Civil Action No. 1:21-cv-03051-RDM, currently pending in the United States District Court for the District of Columbia. This latest filing represents a significant escalation in the company’s legal efforts to address alleged antitrust violations, breaches of federal law, and racketeering activities that VoIP-Pal believes have caused harm to the company.

The amended complaint names Verizon, AT&T, T-Mobile, along with several of their directors and members of their management teams, as defendants. “Our amended complaint builds on our commitment to seeking justice for the harm VoIP-Pal has endured due to alleged antitrust violations and other unlawful practices,” said Emil Malak, CEO of VoIP-Pal. “By incorporating RICO claims, we are addressing not just the alleged monopolistic and exclusionary conduct we believe the defendants engaged in, but it also alleges systemic violations and coordinated actions that have targeted our company.”

VoIP-Pal CEO Emil Malak reassured shareholders that the strategic focus on antitrust and RICO claims is the most efficient path to address the harm caused by the defendants. “While patent litigation remains ongoing in Waco, Texas, we believe this approach offers the quickest and most effective route to justice,” Malak stated. “Our goal is to hold Verizon, AT&T, T-Mobile, their directors, and key management accountable through the judicial process, restore fair competition in the mobile telephone communications industry, and drive shareholder value. We are working diligently to ensure that the defendants are served soon, with the goal of doing so before the end of the year.”

Malak highlighted the importance of the filing as a step toward achieving accountability. “This legal action is not just about VoIP-Pal; it’s about holding powerful corporations accountable for practices that harm innovation, competition, and fairness in the telecommunications industry. We are confident that this expanded approach will demonstrate the strength of our case.”

The amended complaint outlines detailed allegations, including:

  • Antitrust Violations: Claims of tying arrangements, exclusionary practices, and monopolistic control that have suppressed VoIP-Pal’s ability to compete.
  • RICO Claims: Allegations of coordinated racketeering activities, including fraudulent misrepresentation, deceptive practices, and systemic exclusion of VoIP-Pal from the market.
  • Harm to Consumers: The impact of these actions on market competition and millions of smartphone users across the United States.

“Filing this amended complaint marks a pivotal moment in our pursuit of justice,” Malak added. “It reflects our commitment to protecting our shareholders, upholding the rule of law, and ensuring a level playing field in the telecommunications sector.”

Additionally, a new article and interview with CEO Emil Malak has been published on CEOCFO Magazine, providing additional insights into VoIP-Pal’s strategy. The article can be accessed here: https://www.ceocfointerviews.com/voippalantitrust121824.html.

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 looking to monetize.

Forward-Looking Statements
Any forecast of future financial performance is a “forward-looking statement” under securities laws. Such statements are included to allow potential investors to understand management’s beliefs and opinions with respect to the future, but patent litigation involves various risks and uncertainties that could affect the company’s ability to monetize its patents. It is impossible to predict specific outcomes of litigation.

Corporate Website: www.voip-palusa.com
IR inquiries: IR@voip-pal.com
IR Contact: Rich Inza (954) 495-4600

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.