NEW YORK, June 26, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of B Communications Ltd. ("B Communications" or the "Company") (NASDAQ: BCOM). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/bcom.
The investigation concerns whether B Communications and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 20, 2017, The Times of Israel revealed that the Israel Securities Authority ("ISA") raided the offices of B Communications' subsidiary, Bezeq The Israel Telecommunication Corporation Ltd. ("Bezeq"), and detained Shaul Elovitch, Bezeq's chairman and majority shareholder. Bezeq disclosed that "the ISA has informed the company that the investigation deals with suspicions of violations of the securities law and the penal code relating to transactions connected to the controlling shareholder." Following this news, B Communications shares dropped $1.00 per share or over 4% from its previous closing price to close at $20.50 per share on June 20, 2017.
If you are aware of any facts relating to this investigation, or purchased B Communications shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/bcom. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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