EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against B Communications Ltd. - BCOM

NEW YORK, Aug. 10, 2017

To join the B Communications class action, go to http://rosenlegal.com/cases-1152.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The complaint alleges that defendants during the Class Period made false and 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.

On June 20, 2017, The Times of Israel reported that the Israel Securities Authority ("ISA") had raided the offices of Bezeq and detained 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.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 28, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://rosenlegal.com/cases-1152.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.