Cellcom Israel Ltd. CEL announced today that a
purported class action filed against the Company in March 2008, in the
District Court of Central Region was decided against the Company. The lawsuit
was approved as class action in August 2009, in relation to the allegation
that the Company breached the agreements with its subscribers by charging them
for a call details records service, previously provided free of charge,
without obtaining their consent. The total amount claimed was estimated by the
plaintiffs to be approximately NIS 440 million. The Court accepted the
allegation and ordered the Company to repay its customers the sum charged for
the service in the amount of approximately NIS 22 million plus interest and
linkage differences from the date of each payment made by the subscribers, an
amount of NIS 200,000 to be paid to the plaintiffs and a fee for the
plaintiffs' attorney equal to 10% of the sum to be repaid plus VAT.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in