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Elbit Imaging Ltd.
Elbit Imaging Ltd. Announces Dismissal of a Purported Class Action
February 15th, 2009
Elbit Imaging Ltd. ("EI") (NASDAQ: EMITF), announced that the District Court of Haifa has dismissed, due to its inadequacy to be litigated as a class action, an application to certify a purported claim as a class action, in the framework of Civil Case #1318/99 which was filed in the District Court of Haifa in November 1999 by a number of institutional and other investors, holding shares in Elscint Ltd. (Elscint), against the Company, Elscint, Europe Israel (MMS) Ltd. (EIL), Control Centers Ltd. and past and present officers in the such companies and others. The said purported claim was filed with regards to an alleged continued and systematic oppression of the minority...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-15)
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