Counsel Announces Settlement of Calling Card Class Action

NEWARK, N.J., Aug. 5 /PRNewswire-USNewswire/ -- The law firms of Carella, Byrne, Cecchi, Olstein, Brody & Agnello, Nagel Rice, and Freed & Weiss, along with STI Phonecard, Inc., Telco Group, Inc., VOIP Enterprises, Inc., and STi Prepaid, LLC ("Defendants"), jointly announced today that on July 13, 2010, the United States District Court for the District of New Jersey preliminarily approved a settlement involving claims related to Defendants' prepaid calling cards.  In addition to providing refunds to class members and prospective promotions in the form of free and/or discounted minutes to be given away to Defendants' calling card consumers, Defendants have agreed to certain injunctive relief ensuring proper disclosures of rates, fees, taxes, surcharges or other amounts charged, as well as other business practice commitments to the benefit of its calling card customers.  Final approval of the settlement is to be determined after a final fairness hearing to be held on November 16, 2010.  

A class action Settlement ("Settlement") could affect you if you purchased telephone calling cards sold or distributed by STI Phonecard, Inc., Telco Group, Inc., VOIP Enterprises, Inc., and STi Prepaid, LLC (together, collectively, "Defendants").  The lawsuit claims Defendants failed to properly disclose charges and fees associated with using the cards.

Source: Carella, Byrne, Cecchi, Olstein, Brody & Agnello, Nagel Rice, and Freed & Weiss, along with STI Phonecard, Inc., Telco Group, Inc., VOIP Enterprises, Inc., and STi Prepaid, LLC.

SOURCE Carella, Byrne, Cecchi, Olstein, Brody & Agnello, Nagel Rice, and Freed & Weiss, along with STI Phonecard, Inc., Telco Group, Inc., VOIP Enterprises, Inc., and STi Prepaid, LLC