Delek Group’s Filing a Motion for a Derivate Claim

Gornitzky represented Delek Group on the deal.

Delek Group Ltd. filed in a motion for a derivative claim on its behalf in the amount of approximately NIS 86 million (approx. $25.8 million) against its officers.

Following a hearing at Tel Aviv-Yaffo District Court (Economics Department) regarding a motion for documents disclosure that was submitted in the proceedings, and after the court noted the difficulties in the motion for approval itself (as described in the company’s response), an outline was agreed upon according to which the applicants withdrew from the proceedings without order to pay costs.

The Gornitzky team was led by partners Yaron Elhawi (Picture) and Ofer Fleischer, senior associate Noa Even Sapir and intern Yotam Barel.

Involved fees earner: Yaron Elhawi – Gornitzky & Co.; Ofer Fleischer – Gornitzky & Co.; Noa Even Sapir – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Delek Group Ltd.;