Regulatory Filings • Mar 31, 2019
Regulatory Filings
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F O R M 6-K
For the month of March 2019
B Communications Ltd. (Name of Registrant)
2 Dov Friedman Street, Ramat Gan 5250301, Israel (Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐
__________
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
B Communications Ltd.
The following exhibit is attached:
99.1 Update Regarding Class Action Lawsuit against the Company
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
B Communications Ltd. (Registrant)
By: /s/ Ami Barlev
Ami Barlev Chief Executive Officer
Date: March 28, 2019
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EXHIBIT NO. DESCRIPTION
99.1 Update Regarding Class Action Lawsuit against the Company
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Ramat Gan, Israel – March 28, 2019 – B Communications Ltd. (the "Company") (NASDAQ Global Select Market and TASE: BCOM).
The Company previously reported on the status of the class action lawsuit initially filed against it in the United States District Court, Southern District of New York (the "Court") in June 2017 arising out of transactions between the Company's subsidiary, Bezeq The Israel Telecommunications Corp. Ltd. ("Bezeq") and DBS Satellite Services (1998) Ltd. ("DBS"). The original claim was against the Company, Doron Turgeman (our former CEO), Itzik Tadmor (our CFO) and Ehud Yahalom (our former CFO). On December 8, 2017, lead plaintiffs filed an amended complaint adding Eurocom Communications, and Shaul and Or Elovitch. Also named were DBS and former executive officers of Bezeq and DBS, Ron Eilon, Stella Handler, David Mizrahi, Micky Neiman, Allon Raveh and Linor Yochelman (collectively, the "DBS and Bezeq Defendants").
The Company is pleased to report that today, the Court dismissed the complaint against Doron Turgeman, Itzik Tadmor and Ehud Yahalom (the "Individual Defendants") and the DBS and Bezeq Defendants. The Court found that the Complaint failed to allege that the Individual Defendants acted recklessly or with intent to deceive, manipulate or defraud or that they were "culpable participants" in the alleged fraud.
The Court also dismissed the complaint against the DBS and Bezeq Defendants for lack of personal jurisdiction.
Ami Barlev, CEO of the company: The court's decision reflects the fairness and integrity of the officers in our company, who acted professionally and in good faith.
This report contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in the regulatory and legal compliance environments, the failure to manage growth and other risks detailed from time to time in B Communications' filings with the Securities Exchange Commission. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.
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