NEW YORK, June 27, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of B Communications Ltd ("B Communications" or the "Company") (NASDAQ: BCOM). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether B Communications and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 20, 2017, The Times of Israel reported that the Israel Securities Authority ("ISA") had 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' share price fell $1.00, or 4.65%, to close at $20.50 on June 20, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-b-communications-ltd--bcom-300480910.html
SOURCE Pomerantz LLP