Investigation Overview
February 19, 2016 (Shareholders Foundation) - An investigation on behalf of investors of G Willi-Food International Ltd (NASDAQ:WILC) shares over potential securities laws violations by G Willi-Food International and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of G Willi-Food International Ltd (NASDAQ:WILC) concerning whether a series of statements by G Willi-Food International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 18, 2016, G. Willi-Food International Ltd. (NASDAQ: WILC) announced thatas a result of suspicions of certain breaches of Israeli securities laws and criminal offenses, the Israel Securities Authority (ISA) initiated an investigation. G Willi-Food International Ltd said that 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. G Willi-Food International Ltd also said tha t 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.