G. Willi-Food ALERT: National Securities Law Firm Announces Investigation of Potential Securities Claims, and Encourages Investors with Losses to Contact Law Firm for More Information
February 19, 2016
New York, New York
Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities claims on behalf of investors of G. Willi-Food International Ltd. (NASDAQ: WILC) (“G. Willi” or the “Company”) resulting from allegations that G. Willi may have issued materially misleading business information to the investing public.
On February 18, 2016, it was announced that as a result of suspicions of certain breaches of Israeli securities laws and criminal offenses, the Israel Securities Authority (“ISA”) initiated an investigation of G. Willi. The ISA conducted a search on February 17, 2016 at the offices of the Company, and the offices of its Parent Company, Willi-Food Investments Ltd., BSD Crown Ltd., and B.G.I Investments (1961) Ltd. (the “Group”), during which certain computers and other materials were seized by the ISA. Similarly, a number of officers and directors within the Group are being questioned by the ISA, and the chairman of our board of directors and the indirect controlling shareholder of the Group, Mr. Gregory Gurtovoy, has been detained.
On this news, G. Willi-Food stock fell $0.20, or 5.06%, to close at $3.75 on February 18, 2016. NASDAQ has since halted the stock.
If you purchased shares of G. Willi and have suffered a loss from your investment in G. Willi common stock and would like to learn more information about this investigation, including your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.
Tripp Levy PLLC represents individuals and institutional shareholders in shareholder transactions and has assisted in the recovery of millions of dollars for shareholders in securities actions around the globe.
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