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Stock Market & Financial Investment News

News Breaks
July 21, 2014
05:26 EDTPTNRPartner Communications receives lawsuit, motion for class action
Partner Communications announces that it was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner and against additional cellular operators and content providers on July 15 in the Tel-Aviv - Jaffa District Court. The claim alleges, inter alia, that the cellular operators, including the company, breached legal provisions and provisions of their license and thereby created a platform that lead to the customers' damages alleged in the claim. If the lawsuit is recognized as a class action the total amount claimed against all of the defendants is estimated by the plaintiff to be approximately NIS 300M. The amount claimed against Partner is not estimated separately. 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.
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September 18, 2014
10:00 EDTPTNROn The Fly: Analyst Upgrade Summary
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September 17, 2014
16:26 EDTPTNRPartner Communications upgraded to Neutral from Sell at Goldman
Goldman upgraded Partner Communications to Neutral based on valuation.

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