IRVINE, Calif., Aug. 03, 2017 (GLOBE NEWSWIRE) -- Khang & Khang LLP (the “Firm”) announces a securities 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 shares of B Communications during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP,
4000 Barranca Parkway, Suite 250, Irvine, CA 92604, 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, Esq., a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may be considered Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 joon@khanglaw.com
