San Diego, CA -- (SBWIRE) -- 08/10/2020 -- An investigation was announced for investors in shares of Bank Hapoalim B.M. (OTC: BKHYY) concerning potential breaches of fiduciary duties by certain directors at Bank Hapoalim B.M.

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 concerns whether certain Bank Hapoalim B.M. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

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.

On April 30, 2020, the United States Department of Justice announced that Bank Hapoalim B.M. "agreed to pay approximately $874.27 million" as part of its deferred prosecution agreement for criminal misconduct including "conspiring with U.S. taxpayers and others to hide more than $7.6 billion" and for conspiring to "launder over $20 million in bribes and kickbacks to soccer officials with Fédération Internationale de Football Association (FIFA) and other soccer federations."

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.