Trustees of ‘Co-op Israel’ Sue Management for 50 Million Shekels
A lawsuit has been filed against the CEO and the company’s board members, seeking 50 million shekels. The claim alleges that their conduct led to the company’s collapse, causing significant damage to its creditors, breaching their duty of care, and making prohibited dividend distributions.
The lawsuit was filed by Dr. Shlomo Nass (Adv. and CPA), Partner and Head of the Restructuring and Insolvency Department in our firm, and Adv. Chen Bredich, the trustees appointed to the company.
Please see: here
A lawsuit has been filed against the CEO and the company’s board members, seeking 50 million shekels. The claim alleges that their conduct led to the company’s collapse, causing significant damage to its creditors, breaching their duty of care, and making prohibited dividend distributions.
The lawsuit was filed by Dr. Shlomo Nass (Adv. and CPA), Partner and Head of the Restructuring and Insolvency Department in our firm, and Adv. Chen Bredich, the trustees appointed to the company.
Please see: here
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