LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming April 29, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased G. Willi Food International Ltd. (“G. Willi” or the “Company”) (NASDAQ: WILC) securities between April 30, 2014 and February 18, 2016, inclusive (the “Class Period”).
On February 18, 2016, G. Willi disclosed that the Israel Securities Authority (“ISA”) had launched an investigation concerning the Company and its officers’ potential violations of Israeli securities law. This news comes a day after the ISA conducted a search of G. Willi’s offices as well as the offices of G. Willi’s Parent Company. Additionally, G. Willi’s Chairman, Gregory Gurtovoy, has allegedly been detained by Israeli authorities. The Company’s shares were halted for several weeks until the Company was able to publish its financial reports and otherwise comply with exchange listing rules.
According to the lawsuit, throughout the Class Period Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) Defendant Gregory Gurtovoy, along with others, illegally transferred money out of G. Willi; and (2) as a result, G. Willi’s public statements were materially false and misleading at all relevant times.
GPM represents institutional and retail investors in securities class actions throughout the country, and has recovered millions of dollars on behalf of investors.
If you purchased G. Willi shares, you may move the Court no later than April 29, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by e-mail please include your mailing address, telephone number and number of shares purchased.
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