Who didn’t see this one coming? Last week’s moronic bumbling appetizers are being followed by a class action main course lawsuit filed on Friday:

The suit filed on Friday in the United States District Court for the District of New Jersey by the Atlanta-based law firm Motley Rice asserts that the Internet telephony provider, its officers and the IPO’s underwriters misled investors.

It’s important to note that people can sue anybody for anything and this suit could be thrown out of court quickly, so Vonage hasn’t been proven in a court of law to be guilty of anything. In the court of public opinion, they are being brutalized. How can this IPO possibly have gone any worse so far? From a satisifed customer of two years, I sure hope they find some way to right the ship.

As of this writing, this lawsuit doesn’t appear to be having any impact on the stock price [symbol: VG] which seems to be settling somewhat around $12. Currently it’s $12.41 and is up almost 4% in early trading. The all time low point was $11.85 $11.55.

Did this post make you go hmm?

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