NEW YORK, June 26, 2017 /PRNewswire -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at B Communications Ltd. ("B Comm" or the "Company") (NasdaqGS: BCOM).
The investigation focuses on whether the Company and its executives violated federal securities laws. B Comm is a holding company of Bezeq The Israel Telecommunication Corporation Limited ("Bezeq").
On June 20, 2017, the Israel Securities Authority ("ISA") announced that it had commenced an investigation into Bezeq.
According to a Times of Israel article published on June 20, 2017, the investigation relates to suspected violations of Israeli securities and criminal law involving Bezeq's controlling shareholder, Shaul Elovitch. As a part of the investigation, the ISA further disclosed that it had raided Bezeq's offices and detained senior Bezeq executives for questioning.
On this news, B Comm's share price declined during intraday trading, causing harm to investors.
If you invested in B Comm stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/BCOM. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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