LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Bezeq The Israel Telecommunication Corporation Limited (“Bezeq” or the “Company”) (OTC: BZQIY) concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Bezeq investigation page on our website at www.glancylaw.com/case/bezeq.
On June 20, 2017, the Israel Securities Authority (“ISA”) raided and inspected the Company's offices on suspicion of securities law violations by Bezeq's chairman and majority shareholder, Shaul Elovitch. The ISA noted that it is investigating possible misconduct “with regards to transactions related to [Shaul Elovitch].” And, an Israeli business publication reported that the ISA is investigating the merger of Bezeq's television unit with its parent company, as well as payments the unit made to Eurocom, a Elovitch controlled company, under pressure from Elovitch.
On this news, Bezeq's American Depositary Receipt price fell $0.37, or 4.12%, to close at $8.61 on June 20, 2017
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If you purchased Bezeq securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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