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B Communications Ltd.

Case Summary

B Communications Ltd. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 09/27/2018 (Ongoing date of last review)

Filing Date: June 29, 2017

According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendant had engaged in illegal conduct in connection with the Bezeq-YES Merger; (ii) discovery of the foregoing conduct would subject B Communications and/or Bezeq to heightened regulatory scrutiny and potential criminal sanctions; and (iii) as a result of the foregoing, B Communications’ public statements were materially false and misleading at all relevant times.

On September 27, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiffs filed an amended Complaint on December 8. Defendant filed a Motion to Dismiss the amended Complaint on February 20, 2018. On September 27, the Court issued an Order granting in part and denying in part Defendant's Motion to Dismiss.

Company & Securities Information

Defendant: B Communications Ltd.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: BCOM
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Lynne P. Maleeff, et al. v. B Communications Ltd., et al.

COURT: S.D. New York
DOCKET #: 17-CV-04937
JUDGE: Hon. J. Paul Oetken
DATE FILED: 06/29/2017
CLASS PERIOD START: 11/07/2013
CLASS PERIOD END: 06/19/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
    60 East 42nd Street - Suite 4600, Bronstein, Gewirtz & Grossman, LLC (New York), NY 10165
    212.697.6484 212.697.7296 · info@bgandg.com
  2. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 06/29/2017
2 Order 09/27/2017
3 U.S. District Court Civil Docket 10/04/2017

Reference Complaint

Rex and Roberta Ling Living Trust u/a December 6,1990, as Amended, et al. v. B Communications Ltd., et al.

COURT: S.D. New York
DOCKET #: 17-CV-04937
JUDGE: Hon. J. Paul Oetken
DATE FILED: 12/08/2017
CLASS PERIOD START: 03/18/2015
CLASS PERIOD END: 09/06/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
    60 East 42nd Street - Suite 4600, Bronstein, Gewirtz & Grossman, LLC (New York), NY 10165
    212.697.6484 212.697.7296 · info@bgandg.com
  2. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint for Violations of the Federal Securities Laws 12/08/2017
2 U.S. District Court Civil Docket 09/27/2018
3 Opinion and Order 09/27/2018

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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