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Cellcom Israel Ltd Announces Dismissal Of Purported Class Action


Monday, 19 Nov 2012 09:07am EST 

Cellcom Israel Ltd announced the dismissal of a purported class action lawsuit filed against the Company and another cellular operator in March 2010, at the plaintiffs' request. The purported class action was filed in connection with allegations that the defendants breached their cellular license by failing to purchase insurance against monetary liability which the defendants may suffer due to bodily damages that allegedly may be caused by cellular radiation. If the lawsuit was certified as a class action, the total amount claimed was estimated by the plaintiffs to be approximately NIS 4.2 billion, out of which NIS 2.1 billion was attributed to the Company individually. 

Company Quote

13.86
-0.09 -0.65%
11:17am EDT