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Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of the August 28, 2017 Deadline in the Class Action Lawsuit Against B Communications Ltd
[August 24, 2017]

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of the August 28, 2017 Deadline in the Class Action Lawsuit Against B Communications Ltd


Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased B Communications Ltd. ("B Communications" or the "Company") (NASDAQ: BCOM) securities between November 7, 2013 and June 19, 2017, inclusive (the "Class Period"). B Communications investors have until August 28, 2017 to file a lead plaintiff motion.

Investors suffering losses on their B Communications investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On June 20, 2017, The Times of Israel reported that the Israel Securities Authority ("ISA") had raided the offices of Bezeq (News - Alert) and detaied Elovitch. The ISA advised Bezeq that it was investigating "suspicions of violations of the securities law and the penal code relating to transactions connected to" 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 Elovitch. Following this news, B Communications' share price fell $1.00, or 4.65%, to close at $20.50 on June 20, 2017, damaging investors.



According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that : (1) Shaul Elovitch, controlling shareholder of Bezeq and B Communications, had engaged in illegal conduct in connection with the Bezeq-YES Merger; (2) discovery of the foregoing conduct would subject B Communications and/or Bezeq to heightened regulatory scrutiny and potential criminal sanctions; and (3) as a result of the foregoing, B Communications' public statements were materially false and misleading at all relevant times.

If you purchased shares of B Communications during the Class Period you may move the Court no later than August 28, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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