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Cellcom Israel Announces a Purported Class Action Filed Against the Company

August 6, 2020 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, alleging that the Company misled its customers by failing to disclose certain information in relation to a certain service. The amount claimed from the Company, if the lawsuit is certified as a class action, was estimated by the plaintiff to be approximately NIS 179 million. At this preliminary stage, the Company is unable to assess the lawsuit’s chances of success.

SOURCE Cellcom Israel Ltd.

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