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Cellcom Israel Announces a Purported Class Action Filed Against the Company

November 21, 2019 By admin Leave a Comment

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the “Company”) announced today that a purported class action was filed against the Company and two other Israeli cellular operators, alleging that the defendants unlawfully charged their customers for content services provided by third party providers, in violation of their licenses and applicable law. The amount claimed from each defendant, if the lawsuit is certified as a class action, was estimated by the plaintiff to be approximately NIS 400 million plus NIS 500 for alleged non monetary damages for each customer. At this preliminary stage, the Company is unable to assess the lawsuit’s chances of success.

SOURCE: Cellcom Israel Ltd.

Filed Under: Press Release Tagged With: Cellcom Israel, Class Action, Lawsuit

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