Partner Communications Company Ltd.PTNR announces that it was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner on February 1, 2011 in the Tel-Aviv District Court.
The claim alleges that Partner did not comply with the requirements set by the Israeli Communications Law (telecommunications and broadcast) (amendment 40), 2008, regarding transmission of advertisements through telecommunication means (also known as "the spam law").
If the lawsuit is recognized as a class action, the total amount claimed is estimated by the plaintiffs to be approximately NIS 560 million.
Partner is reviewing and assessing the lawsuit and is unable, at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuit or the range of potential exposure, if any.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in