Representation of Leadcom Ltd. in a claim against its directors and officers
Our firm represented the directors and officers of Leadcom Integrated Solutions Ltd. (“Leadcom“), an Israeli Company that has been active in more than 40 countries for the deployment of cellular telecommunication networks, in a NIS 93 million claim filed against it by the trustee of the bonds issued by Leadcom, on behalf of the bondholders. In the claim it was argued that the officers included misleading items (as this term is defined in the Securities Law) in the company’s prospectus, periodic reports and immediate reports. Following five years of litigation and at the end of the evidentiary stage, the court recommended the Plaintiff to withdraw the claim. Pursuant to negotiations with the Plaintiff, an agreed motion was submitted for the dismissal of the claim against our clients, and to order the Plaintiff to pay the Defendants NIS 625,000 for costs incurred by them.
