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Pharma Investments, Ventures & Law Weekly

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Elbit Systems Ltd



U.S. Court Dismisses Claim by Minority Shareholders of ImageSat International



August 10th, 2008

Elbit Systems Ltd. (NASDAQ: ESLT) (the "Company") announced,

further to the Company's announcement on July 4, 2007, that on July 22, 2008 the United States District Court for the Southern District of New York issued an order dismissing, on grounds of forum non conveniens, the claim filed last year by certain minority shareholders of ImageSat International N.V.

("ImageSat"). The claim had been filed against certain of ImageSat's shareholders including the Company and against certain current and former officers and directors of ImageSat, including among others Michael Federmann, Joseph Ackerman and Joseph Gaspar, the Company's Chairman, Chief Executive...


Source: Pharma Investments, Ventures & Law Weekly (2008-08-10)

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