(MENAFNEditorial) NEW YORK, July 18, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at , a boutique securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filedagainst B Communications Ltd. (NasdaqGS: BCOM)("B Communications" or the "Company") on behalf of purchasers of the Company's securitiesbetween November 7, 2013 and June 19, 2017, inclusive (the "Class Period").
The lawsuit is based on whether B Communications and its executives violated federal securities law by misleading investors by making false and/or misleading statements and/or failing to disclose that Shaul Elovitch, the controlling shareholder of Bezeq and B Communications, engaged in illegal conduct in connection with the Bezeq-YES Merger. The discovery of this conduct would subject the Company and/or Bezeq to heightened regulatory scrutiny and potential criminal sanctions.
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 stated 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. Following this news, B Communication's stock price dropped materially, which caused investors harm according to the Complaint.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than August 28, 2017. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Click here for more information: . It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
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