July 23, 2018

Gornitzky successfully represented the officers of Intercolony, in procuring a ruling issued by Judge Dania Keret Meir (Economic Division - Tel Aviv District Court), which dismissed the motion to approve a derivative suit against them.

Gornitzky successfully represented the officers of Intercolony, in procuring a ruling issued by Judge Dania Keret Meir (Economic Division – Tel Aviv District Court), which dismissed the motion to approve a derivative suit against them.

The motion for approval was based on the claim that the matter involves the transferring of large amounts of money – tens of millions of Shekels – deriving from the sale of the companies’ assets to their managers, controlling shareholders and affiliates.

The company’s officers were represented by Partner Orly Tenennbaum and Associate Daniel Lasry.

For further reading (Hebrew)

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