Cellcom Israel Ltd. (CEL)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cellcom Israel Ltd. (“Cellcom" or "the Company") (NYSE: CEL). The investigation concerns whether Cellcom and certain of its officers and/or directors have violated federal securities laws.
On January 31, 2021, Cellcom announced that Marathon 018 Xfone Ltd., the Company’s cellular sharing network partner, had sent Cellcom an annulment notice of the two companies’ sharing agreement, “alleging that the [Cellcom] has materially breached the sharing agreement by acquiring Golan Telecom’s share capital and termination of Golan’s MNO license.” On this news, Cellcom’s stock price fell sharply during intraday trading on February 1, 2021.
If you are aware of any facts relating to this investigation, or purchased Cellcom shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.