NEW YORK , June 22, 2017 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Bezeq The Israel Telecommunication Corporation Limited ("Bezeq" or the "Company")
(OTC: BZQIY). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
The investigation concerns whether Bezeq and certain of its officers and/or directors have engaged in securities fraud
or other unlawful business practices.
[Click here to join a class action]
On June 20, 2017, the Israel Securities Authority ("ISA") raided the Company's offices on
suspicion of securities law violations by Bezeq's chairman—and, through an arrangement of holding companies associated with
Eurocom Group Ltd. ("Eurocom"), the Company's majority shareholder—Shaul Elovitch. Specifically, the ISA stated that it is
investigating possible misconduct "with regards to transactions related to the controlling shareholder." An Israeli
business publication reported that the ISA is investigating the merger of Bezeq's television unit with its parent company, as
well as payments the unit made to Eurocom under pressure from Elovitch.
On this news, Bezeq's American Depositary Receipt price fell $0.37, or 4.12%, to close at
$8.61 on June 20, 2017.
The Pomerantz Firm, with offices in New York, Chicago,
Florida, and Los Angeles, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP