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G. Willi Food-International Ltd. (WILC)

NASDAQ:WILC

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In G. Willi Food-International Ltd. To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in G. Willi Food-International Ltd. (“G. Willi” or the “Company”) (NASDAQ:WILC) of the April 29, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased G. Willi securities between April 30, 2014 and February 18, 2016 (the “Class Period”).  The case, Boller et al v. G. Willi-Food International Ltd. et al, No. 1:16-cv-01528 was filed on February 29, 2016, and has been assigned to Judge Colleen McMahon.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that certain company executives, including Defendant Gregory Gurtovoy, may have been involved in fraud and money laundering.

Specifically, on February 17, 2016, an article published in the publication Calcalis reported that the Company’s offices had been raided by Israeli authorities. Meanwhile, Reuters reported that Defendant Gurtovoy had been arrested and questioned by Israeli authorities on charges of fraud and money laundering.

After the announcement, Cigna’s share price fell from a closing price of $4.17 per share on February 17, 2016 to a closing price of $3.95per share on February 18, 2016 — a $0.22 or a 5.3% drop.

Then, on February 18, 2016, G. Willi revealed in a press release that the Company, its directors and executives as well as its parents companies were being investigated by Israeli authorities for violations of Israeli securities laws and criminal offenses. 

After the announcement, G. Willi’s share price fell from a closing price of $3.95 per share on February 18, 2016 to a closing price of $3.75 per share on February 19, 2016 — a $0.20 or a 5.1% drop.

Take Action

If you invested in G. Willi securities between April 30, 2014 and February 18, 2016 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding G. Willi’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    G. Willi Food-International Ltd. (WILC)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 03/29/2016

Class Period:

  • 04/30/2014 - 02/18/2016

Send Information

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