Jan. 15, 2013 (Shareholders Foundation) -- An investigation on behalf of investors of magicJack VocalTec Ltd (NASDAQ:CALL) shares over potential securities laws violations by magicJack VocalTec Ltd and certain of its directors and officers in connection certain financial statements was announced .

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of magicJack VocalTec Ltd (NASDAQ:CALL) concerning whether a series of statements by magicJack VocalTec Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

magicJack VocalTec Ltd (NASDAQ:CALL) reported that its annual Revenue declined from $119.68 million in 2010 to $110.45 million in 2011. However, magicJack VocalTec Ltd reported also that its Net Loss of $1.55 million in 2010 decreased to a Net Loss of $0.84 million.

magicJack VocalTec Ltd reported that its quarterly Revenue rose from $37.59 million in the first quarter 2012 to $40.79 million in the third quarter 2012 and its respective quarterly Net Income increased from $8.20 million to $15.12 million.

Shares of magicJack VocalTec Ltd (NASDAQ:CALL) grew from as low as $$13.64 per share in June 20120 to almost $27 per share in September 2012.

However, NASDAQ:CALL shares closed 2012 at $18.20 per share.

Then on January 9, 2013, a research group alleged that the tech company misrepresented facts on financial statements. The research group published a report alleging that magicJack VocalTec Ltd has been overstating its revenue and profitability in its filings with the U.S. Securities and Exchange Commission.

Shares of magicJack VocalTec Ltd (NASDAQ:CALL) declined from $17.70 per share on Jan. 8, 2013 to as low as $14.53 per share on Jan. 10, 2013.

On Jan. 15, 2013, NASDAQ:CALL shares closed at $14.68 per share, which is almost half the value of its current 52 week High.