Business Dispute

A massive class-action lawsuit demanding over 100 million NIS against an electrical tool importer was dismissed by an Israeli court, which ordered the plaintiffs to pay 100,000 NIS in legal expenses for abusing legal procedures.

The Yuvalim Group has notified the stock exchange of a "demand letter" from Avishai Neria regarding alleged losses in joint ventures. Yuvalim dismissed the claims as baseless, attributing them to Neria's own financial difficulties.