A request to approve a class action filed against our client was denied

FWMK’s Litigation department represented a dual public company, traded at the Tel Aviv Stock Exchange and at the New York stock exchange, in defending against a motion to approve a class action for the non-accessibility of the company’s reports published in the stock exchange.

Similar requests were filed against about 70 other public traded companies, represented by other leading law firms .

After a unified legal response was filed by our office and the other representative offices, all motions for the approval of class actions were denied (by consent of the plaintiffs) in a ruling approved by the Tel Aviv District Court in March 2023.

Adv. Orr Noy, the managing partner, Adv. Liron Liberman, a partner in the Litigation department, and Adv. Gil Ben Califa of the firm’s litigation department represented the dual traded company in these proceedings.