Law
Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors who purchased G. Willi
Food-International Ltd. (“G. Willi Food” or the “Company”) (NASDAQ: WILC)
securities between April 30, 2014 and February 18, 2016, inclusive (the
“Class Period”). G. Willi Food investors have until April 29,
2016 to file a lead plaintiff motion.
Investors with losses on their G. Willi Food investments are encouraged
to contact the Law Offices of Howard G. Smith to discuss their legal
rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On February 18, 2016, G. Willi Food disclosed that the Israel Securities
Authority (“ISA”) had launched an investigation concerning the Company
and its officers’ potential violations of Israeli securities law. This
news comes a day after the ISA conducted a search of G. Willi Food’s
offices as well as the offices of G. Willi Food’s Parent Company,
Willi-Food Investments Ltd., BSD Crown Ltd., and B.G.I Investments
(1961) Ltd. (the “Group”). Additionally, G. Willi Food’s Chairman,
Gregory Gurtovoy, has allegedly been detained by Israeli authorities.
According to the lawsuit, throughout the Class Period Defendants issued
false and misleading statements to investors and/or failed to disclose
that: (1) Defendant Gregory Gurtovoy, along with others, illegally
transferred money out of G. Willi Food; and (2) as a result, G. Willi
Food’s public statements were materially false and misleading at all
relevant times.
If you purchased shares of G. Willi Food during the Class Period you may
move the Court no later than April 29, 2016 to ask the Court
to appoint you as lead plaintiff if you meet certain legal requirements.
To be a member of the Class you need not take any action at this time;
you may retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this action,
or if you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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