NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of B Communications Ltd. (NASDAQ: BCOM) resulting from allegations that B Communications may have issued materially misleading business information to the investing public.
On June 20, 2017, The Times of Israel reported that the Israel Securities Authority (“ISA”) raided the offices of B Communications’ subsidiary, Bezeq The Israel Telecommunication Corporation Ltd. (“Bezeq”), and detained Bezeq’s controlling shareholder for questioning. 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.” On this news, shares of B Communications fell $1.00 per share or over 4% from its previous closing price to close at $20.50 per share on June 20, 2017, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by B Communications investors. If you purchased shares of B Communications on or before June 20, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1152.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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