Law Offices of Howard G. Smith reminds investors of the upcoming April
29, 2016 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased G. Willi Food
International Ltd. (“G. Willi” or the “Company”) (NASDAQ: WILC)
securities between April 30, 2014 and February 18, 2016, inclusive
(the “Class Period”).
On February 18, 2016, G. Willi 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 came a day after the ISA conducted a search of G. Willi’s offices
as well as the offices of G. Willi’s Parent Company. The Company’s
shares were halted for several weeks until the Company was able to
publish its financial reports and otherwise comply with exchange listing
rules.
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; and (2) as a result, G. Willi’s
public statements were materially false and misleading at all relevant
times.
If you purchased G.Willi shares during the Class Period, you may move
the Court no later than April 29, 2016 to request
appointment as lead plaintiff. 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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