LOS ANGELES, Aug. 04, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against B
Communications Ltd. (“B Communications” or the “Company”) (Nasdaq:BCOM) for possible violations of federal securities laws from
November 7, 2013 through June 19, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during
the Class Period should contact the firm prior to the August 28, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an
attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, B Communications made false and/or misleading statements, and/or failed
to disclose that: Mr. Shaul Elovitch, the controlling shareholder of Bezeq and B Communications, engaged in illegal conduct
concerning the Bezeq-YES Merger; that discovery of this conduct would subject the Company 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 Mr. Elovitch. The ISA said that it was investigating “suspicions of violations of the securities law and the penal
code relating to transactions connected to” Mr. 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 Mr. Elovitch. Upon release of
this information, B Communications’ share price lowered materially, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding
shareholders’ rights.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics
rules.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 brian@lundinlawpc.com http://lundinlawpc.com/
