EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against B Communications
Ltd. – BCOM
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the
securities of B Communications Ltd. (NASDAQ:BCOM) from November 7, 2013 through June 19, 2017, inclusive (the “Class Period”). The
lawsuit seeks to recover damages for B Communications investors under the federal securities laws.
To join the B Communications class action, go to http://rosenlegal.com/cases-1152.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or
email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint alleges that defendants during the Class Period made false and misleading statements and/or failed to disclose
that: (1) Shaul Elovitch, controlling shareholder of Bezeq and B Communications, had engaged in illegal conduct in connection with
the Bezeq-YES Merger; (2) discovery of the foregoing conduct would subject B Communications and/or Bezeq to heightened regulatory
scrutiny and potential criminal sanctions; and (3) as a result, B Communications’ public statements were materially false and
misleading at all relevant times.
On June 20, 2017, The Times of Israel reported that the Israel Securities Authority (“ISA”) had raided the offices of
Bezeq and detained Elovitch. The ISA advised Bezeq that it was investigating “suspicions of violations of the securities law and
the penal code relating to transactions connected to” Elovitch. The Israeli publication Globes reported that the ISA is
investigating the Bezeq-Yes Merger, as well as payments the unit made to Eurocom under pressure from Elovitch. On this news, shares
of B Communications fell $1.00 per share or over 4% to close at $20.50 per share on June 20, 2017, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than
August 28, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to http://rosenlegal.com/cases-1152.html or to discuss your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder
derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the
number of securities class action settlements annually obtained for investors.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Rosen Law Firm
toll free at 866-767-3653
Phillip Kim, Esq.
pkim@rosenlegal.com
or
Kevin Chan, Esq.
kchan@rosenlegal.com
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