Over the years, Gornitzky & Co. has acquired vast knowledge and experience in representing various clients in class actions and derivative suits. A substantial number of rulings in cases handled by the firm have resulted in groundbreaking precedents in the field of class actions in Israel, and likewise, settlements and withdrawals reached by our firm have received heavy coverage in various legal forums and the media.
As one of Israel’s leading class action firms, in recent years, we have handled over 120 cases of substantial financial scope in various fields, including insurance, restrictive trade practices, banking, consumerism and corporate law. The overwhelming majority of the class actions in which we have been involved have culminated in victory for our clients or in withdrawal of the claim by the opposing party.
Among our clients are Israel’s prominent insurance companies and major banks, financial institutions, telecommunications companies, leading food manufacturers, industrial and services corporations, and more, including some of the primary businesspersons and senior managers in the Israeli economy. We represent officers and directors in class action litigations, and shareholders in various derivative suits with claims of billions of dollars in damages.
Moreover, we often advise corporate managers on compliance with fiduciary duties, in an effort to avoid civil and criminal liability and class action suits.
As part of our multidisciplinary approach, our team works together with members of our other legal practices, such as banking & finance, capital market & securities, and our litigation department, to resolve the intricacies faced in many class actions and derivative suits