The field of class action lawsuits is a unique and intricate legal area, which became very dominant in the recent years, as courts frequently receive numerous motions for the approval of class actions in various issues. It is important to emphasize that the handling of class actions require from the representing attorney much proficiency in the field, proven experience, ability to confront large business organizations, which are normally equipped with a line of attorneys.
Our firm brought about a breakthrough in the field of class actions, as it engaged in a long consumer battle against the cable and satellite companies on the issue of transferring
of contents from the Sports Channel [Channel 5] to Channel 5+. The legal proceedings pursuant to the approval of class actions against the cable and satellite companies on the issue of the transferring of contents ended with a settlement arrangement, which was approved by the Tel Aviv District Court in February 2007, while ruling that the value of the benefit achieved through our firm to all the consumers is NIS 44 million [10'000'000 u.s $].
These days, our firm handles legal proceedings toward the approval of class actions against Multilock Company Ltd. concerning damages that are estimated by hundreds of millions of shekels, Court hearing is set to early 2011.
Our firm is currently engaged in the biggest class action lawsuit in Israel, a 6.5 Billion NIS against the Israeli banks due to the Bachar reform. The case is with collaboration with adv. Arnon Garfi, Moti Dotan and Gadi Yardeni.
Derivative Action Lawsuits
Our office is also running a derivative action for the sum of 45 million NIS in the district court of Jerusalem. The derivative action is a rare procedure, where a person is able to litigate on behalf of a company where he is a shareholder, director etc.
On the represented case, a partner in an Israeli firm dealing with oil products is being sued by the other partner for fraudulently recieving 12$ million from the company.