In the United States, for approval of a claim on the grounds of securities as a class action, no proof of financial loss is required

A director of a company that operated a business for several years without a business license, as required by law, was charged with liability for violating the law, despite the fact that he had made tremendous efforts and worked tirelessly to obtain a business license. The Court held that the director bears criminal liability because […]

A client whose investment account with a foreign company was blocked, served a statement of claim to the Israeli company through which the account was opened.  The Israeli company contended that it is not authorized to receive service of process on behalf of the foreign company since it only provides technical support. The Court held […]

Foreign corporations were sued for damage caused to Israeli consumers due to a restrictive arrangement to which they were parties.  Within this framework, they coordinated prices, quantities and bids in the manufacturing of a component integrated into hard drives. The Court held that the Israeli Court is the proper forum to adjudicate the lawsuit.  To […]

A senior employee who was terminated from a company demanded to receive 20% of its shares, claiming that according to the employment agreement, he is entitled to 5% of the shares of its subsidiary, which was not actually established, because the value of the employing company is four times the value of the subsidiary. The […]