Meitar represented Oracle, a global computer technology corporation and provider of cloud applications, platform services and engineered systems, in the acquisition of Crosswise, a leading machine-learning data provider.
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.
Meitar represented Magic Leap, a global virtual reality developer, in its acquisition of Northbit, an Israeli cybersecurity start up.
Meitar represented Leaba Semiconductor, Israeli based semiconductor company, in its acquisition by Cisco, worldwide IT leader, for $320M.
Meitar represented Oracle, a global computer technology corporation and provider of cloud applications, platform services and engineered systems, in the acquisition of Israeli Ravello Systems, developer of a platform to virtualize the public cloud.
Meitar represented Taro Pharmaceutical Industries Ltd., an Israeli pharmaceutical company that is traded on the New York Stock Exchange, in a lawsuit by minority shareholders (two US-based funds).
The lawsuit sought to invalidate certain resolutions adopted by Taro’s general meeting of shareholders, related to the appointment of external directors, approval of compensation terms of directors, and approval of the company’s compensation policy.
The District Court adopted Taro’s position and denied the claim, setting a precedent with regard to the manner of voting by shareholders of Israeli companies that are listed solely in the US. The Court held that there is no duty of identification by shareholders as a condition for counting their votes on resolutions requiring a disinterested majority, that the Company is not responsible for supervising the accuracy of a shareholders’ declaration that he does not have a personal interest in a matter (except when it knows or should know that such declaration is false), and adopted rules with respect to the manner in which such companies should prepare their voting forms.
Meitar represented RR Media Ltd, an Israeli company traded on NASDAQ, in its acquisition by SES S.A., a Luxembourg company traded on the Euronext Paris and the Luxembourg Stock Exchange, for $242 million.
