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Stock Market & Financial Investment News

News Breaks
July 4, 2013
09:46 EDTPTNRPartner Communications unit served class action lawsuit
Partner Communications announces that its fully owned subsidiary, 012 Smile, was served with a lawsuit and a motion for the recognition of this lawsuit as a class action which were filed against 012 Smile on June 19, in the Tel-Aviv District Court. The claim alleges that 012 Smile unlawfully uses the details of customers. If the lawsuit is recognized as a class action the total amount claimed against 012 Smile is estimated by the plaintiff to be NIS 51M. 012 Smile is reviewing and assessing the lawsuit and 012 Smile and Partner are 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.
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