It looks obvious

Although this law suit haw no merit it  was obvious  that it is coming. I understand the disappointment and the anxiety of those who bought Vonage’s shares, ignoring the obvious risks. However I don’t understand what is the logic in claiming that IPO was based on basically a fraud and hiding of  crucial  information. 

When one decides to invest in the stock markets they cannot choose to be ignorant; direct investment requires some sophistication and knowledge that most people don’t have. Moreover, even without investing time and learning Vonage’s financial status , and only from reading newspapers, it was obvious to me that investing in Vonage is a risk I don’t want to take. Others choose differently and they have only themselves to blame .