Representation of former directors of the National Workers Union’s Pension Fund in a NIS 190 million
Adv. Nadav Weisman, Adv. Or Baron Gil and Adv. Adam Shapira successfully represented former directors of the National Workers Union’s Pension Fund which were sued in a 190 million NIS class action, for the alleged breach of their duty of care and duty of loyalty. In its judgment, Judge Yehuda Farago of the Tel Aviv District Court, dismissed the claim and held that there was no defect in the conduct of the directors. The Judge further held that the fund was actuarially balanced, unlike other funds which suffered massive deficits and needed the assistance of the Ministry of Finance.
