SanDisk Wins Dismissal of Motion to Certify a Class Action
Meitar represented SanDisk in the defense of a motion to certify a class action relating to media players, leading to the dismissal of the action.
Meitar represented SanDisk in the defense of a motion to certify a class action relating to media players, leading to the dismissal of the action.
Meitar represented TASE-listed Evogene, a plant genomics company, in its $73.8 million initial public offering on the NYSE.
Meitar represented the directors and officers of Leadcom Integrated Solutions in opposing a motion to certify a NIS 115 million class action relating to an allegedly misleading prospectus. The court dismissed the motion, finding that the issue is not suitable for adjudication as a class action.
Meitar represented Amdocs in its approximately $120 million acquisition of Actix International Limited, a leading independent provider of software for mobile network optimization.
In July 2013 the Supreme Court held that the statute of limitations on a bank’s claim for damages due to a breach of an undertaking to register a mortgage securing a loan, commences on the date the borrower ceased to pay the monthly payments of the loan, and not, as claimed by the appellants, at the time the obligation to register the mortgage was violated. The Bank is represented by Meitar (LCA 4090/13 Deutsch vs. Bank Leumi).
Our firm is representing Lumenis, medical laser provider, in its currently contemplated $115 million public offering of ordinary shares and listing on NASDAQ.
As part of the transaction, the controlling shareholder purchased the shares of Hot, Israel’s leading cable television company, held by the public in a reverse triangular merger. The controlling shareholder financed the purchase through the issuance of bonds to a syndicate of international banks. These transactions were the last part of the establishment of a leading telecom group in Israel, after purchasing the cellular carrier HOT Mobile (formerly Mirs) from Motorola, and gradually increasing the holdings of the controlling shareholders in HOT over the last three years. The total transaction value, including other share purchases by the controlling shareholder, was $1.1 billion.