Representation of Harel Group in Dismissal of a Motion for Class Action Certification

Our firm represented Harel Pension and Provident and the H.A.L. Fund under its management against a motion for class action certification alleging damages of approximately ILS 350 million regarding the revaluation of pension annuities. Following legal proceedings that included actuarial expert opinions and oral arguments, the court ruled in favor of our clients, dismissing the certification motion in its entirety. The applicant was ordered to pay ILS 30,000 in legal expenses to our clients.