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Cellcom Israel Ltd.
Cellcom Israel Announces a Purported Class Action Filed Against the Company
April 4th, 2009
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company"), announced that a purported class action lawsuit was filed against the Company, its chief executive officer and some of its directors, in the District Court of Central Region, by a plaintiff alleging to be a subscriber of the Company. The plaintiff alleges that the Company unlawfully sent its subscribers commercial messages. If the lawsuit is certified as a class action, the total amount claimed from the Company is estimated by the plaintiff to be approximately NIS 800 million. At this preliminary stage, the Company is unable to assess the lawsuit's chances...
Source: Law & Health Weekly (2009-04-04)
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