NEW YORK, Feb. 4, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cellcom Israel Ltd. ("Cellcom" or the "Company") (NYSE: CEL). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Cellcom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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 $0.23 per share, or 5.67%, to close at $3.83 per share on February 1, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP