Partner Communications (PTNR) Receives Motion For Class Action Lawsuit

July 3, 2012 9:59 AM EDT
Partner Communications Company Ltd. (NASDAQ: PTNR) was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner on July 1, 2012 in the Tel-Aviv District Court. The claim alleges that Partner charges subscribers that are enrolled in a certain tariff plan for call minutes not in accordance with the terms of the plan.

If the lawsuit is recognized as a class action the total amount claimed against Partner is estimated by the plaintiffs to be approximately NIS 123 million.

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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