Meitar successfully defended an accounting firm in defending against a motion to certify a multimillion dollar class action claim, leading to the denial of the motion. The plaintiffs have filed an appeal to the Supreme Court, which is pending. The claim involves novel issues of securities law and professional negligence as applied to class action claims.
Meitar acted as local counsel for Cisco in its acquisition of Intucell an advanced self-optimizing network (SON) software privately held Israeli company.
Meitar successfully represented Hypertoy in a legal action and a motion for a preliminary injunction relating to infringement of the trademark “TOY PLANET”, leading to the cessation of all infringing activities.
Meitar represented Israeli app deployment and management company Nolio in its acquisition by IT software giant CA Technologies.
Meitar represented Enzymotec Ltd., a developer of lipid-based products and solutions for the nutritional and healthcare markets, in its initial public offering on NASDAQ raising approximately $70M (including exercise at closing of the underwriters’ overallotment option in full). Bank of America Merrill Lynch and Jefferies LLC acted as joint book-running managers for the offering.
Meitar represented Avaya, a business communications solutions provider, in its acquisition of Radvision, a Tel Aviv-based company developing HD and converged video conferencing solutions, for approximately $230 million in cash. The transaction is expected to be completed during the second quarter of 2012.
Meitar represented Covidien, a U.S. medical device manufacturer, in its acquisition of SuperDimension, an Israeli company with a cutting-edge technology for minimally-invasive surgical procedures on the lungs, for $300 million in cash, with future earn out payments possible. The transaction is expected to be completed during the second quarter of 2012.
