IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against B Communications Ltd.
and Encourages Investors with Losses to Contact the Firm
Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against B Communications Ltd. (“B
Communications” or the “Company”) (Nasdaq: BCOM). Investors who purchased or otherwise acquired shares between November 7, 2013 and
June 19, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the August 28, 2017 lead
plaintiff motion deadline.
If you purchased B Communications shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang
LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail
at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You
may also choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, B Communications made false and/or misleading statements, and/or failed
to disclose that: Shaul Elovitch, the controlling shareholder of Bezeq and B Communications, engaged in illegal conduct in
connection with the Bezeq-YES Merger; that discovery of the foregoing conduct would subject B Communications and/or Bezeq to
heightened regulatory scrutiny and potential criminal sanctions; and that as a result of the above, the Company’s 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”) raided the offices of Bezeq and detained Elovitch. The ISA stated 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. When this news was announced, shares of B Communications fell in value materially, which caused
investors harm.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please
contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or
by e-mail at joon@khanglaw.com.
This press release may be considered Attorney Advertising in some jurisdictions.
Khang & Khang LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
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