SanDisk Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that a derivative action filed in Israel in connection to its acquisition of msystems Ltd. is still pending.
The action, also filed…
Reynolds American Inc. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that subsidiary R.J. Reynolds Tobacco Co. is still awaiting a decision from the Supreme Court of Israel on Japan Tobacco,…
A settlement agreement was signed between Scailex Corporation Ltd.’s majority owned subsidiary, Scailex Vision (Tel-Aviv) Ltd., and Hewlett-Packard on May 5, 2008, which concludes the reciprocal claims between the parties with respect to the sum in escrow.
In connection with…
Industrial Development Bank of Israel Ltd. expects that as a result of the revocation of its banking license it may lose certain benefits it enjoys in its capacity as a banking entity in conducting legal proceedings against its customers.
In his…
The resumption of the payment of the dividends relating to Industrial Development Bank of Israel Ltd. and 27 financial institutions’ accrual of interest on perpetual deposits, is pending.
The financial institutions hold the Company’s 6% Cumulative Participating Preference “C” Shares,…
The ruling of the Supreme Court regarding Lahava Chatamim Ltd.’s derivative action against Industrial Development Bank of Israel Ltd. is still pending.
In March 2003, Lahava Chatamim, in its capacity as a shareholder, filed a derivative action in the amount…