Eltek Ltd
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Israel
Company profile

Eltek Ltd. manufactures, markets and sells custom made printed circuit boards (PCBs), including high density interconnect (HDI), flex-rigid and rigid, with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in compact electronic products. The Company's principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers. The Company designs and develops manufacturing solutions pursuant to interconnect requirements of original equipment manufacturers, and provides its customers with a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, as well as flexible circuitry (flex and flex-rigid boards) made of various types of base material. The Company also acts as an agent for the importation of PCBs from South East Asia. The Company provides fabrication of dense multi-layer PCBs.

Closing Price
$4.58
Day's Change
0.22 (5.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.79
Day's Low
4.39
Volume
(Heavy Day)
Volume:
106,672

10-day average volume:
32,795
106,672

Hedrick Kring, PLLC Investigates Major U.S. Banks Regarding Allegations of Application Shuffling in Administering Payment Protection Program ("PPP") Funds

3:39 pm ET April 22, 2020 (BusinessWire) Print

The Dallas law firm Hedrick Kring, PLLC has announced that it is investigating potential legal claims alleged against Chase Bank, Wells Fargo and Company, Bank of America Corporation, and U.S. Bank related to their processing of "Paycheck Protection Program" ("PPP") applications. The PPP was developed by the Federal Government in the wake of the COVID-19 pandemic.

Several California class action lawsuits allege that these banks prioritized customers seeking larger loans because processing those applications first generated higher loan origination fees for the banks, rather than processing the applications on a "first come, first served" basis. It is alleged that the preferential treatment given to larger loan applicants resulted in fewer loans being provided to small businesses.

Hedrick Kring, PLLC is investigating whether these banks engaged in the alleged actions in the State of Texas.

If you are a Texas small business and one of these banks failed to fund your PPP application, or if you have information regarding the allegation that preferential status was given to larger loan applicants, please contact the law firm Hedrick Kring, PLLC by phone at (214) 880-9600 or by email at patricia@hedrickkring.com. There is no cost or fee to you.

Hedrick Kring, PLLC is a Dallas, Texas trial firm that handles a variety of complex business litigation matters nationwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200422005943/en/

SOURCE: Hedrick Kring, PLLC

Hedrick Kring, PLLC
Peyton Healey, 214.880.9600
patricia@hedrickkring.com

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