Meitar successfully defended ASML, a Netherlands company, in a NIS 20 million subrogation action brought by Migdal Insurance Company. The action was dismissed in light of a foreign jurisdiction provision in the agreement between ASML and the insured (Tower Semiconductor).
Meitar represented Carmel Ventures and Magma Ventures, shareholders of Israeli chip company DesignArt, in its acquisition by Qualcomm – the world leader in 3G and next-generation mobile technologies.
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.
