An investigation for investors in Bank Hapoalim B.M. (OTC:BKHYY) shares over potential securities laws violations by Bank Hapoalim B.M. was announced.
San Diego, CA -- (SBWIRE) -- 05/19/2020 -- An investigation was announced concerning potential securities laws violations by Bank Hapoalim B.M. in connection with certain financial statements.
Investors who purchased shares of Bank Hapoalim B.M. (OTC: BKHYY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Bank Hapoalim B.M. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Israel based Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. On March 7, 2019, Bank Hapoalim B.M. issued a press release announcing that the bank was increasing its provision "in relation to the exposure stemming from the investigations of the U.S. authorities, by approximately USD 246 million" for an aggregate total provision of $611 million. Shares of Bank Hapoalim B.M. (OTC: BKHYY) declined from $3.77 per share on March 6, 2020, to as low as $21.73 per share on March 23, 2020.
Those who purchased shares of Bank Hapoalim B.M. (OTC: BKHYY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.