Elbit Imaging Ltd. (EMITF) announced that the Israeli Supreme Court dismissed an appeal on the District Court decision not to certify a claims against Elscint Ltd., the Company and others, as a class action due to the fact that the appellant failed to pay court fees. Elscint Ltd is a former wholly owned subsidiary of the Company which was merged to the company.
This case was initially filed in the District Court of Haifa, Israel in September 2006 by Mr. Beeri against Elscint, the Company, their controlling shareholders (Europe Israel (MMS) Ltd. and Control Centers Ltd.) and past and present officers and directors of such companies and certain unrelated third parties.
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