NEW YORK, July 28, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds
purchasers of the securities of B Communications Ltd. (NASDAQ:BCOM) from November 7, 2013 through June 19, 2017, inclusive (the
“Class Period”) of the important August 28, 2017 lead plaintiff deadline in the class action. 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 of the foregoing, 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.
Following this news, B Communications’ share price fell $1.00, or 4.65%, to close at $20.50 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. Attorney Advertising. Prior
results do not guarantee a similar outcome.
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
