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Elbit Imaging Announces Dismissal of Appeal by Israeli Supreme Court


Elbit Imaging Ltd. ("EI" and/or the "Company") (NASDAQ: EMITF), announced today that the Israeli Supreme Court dismissed an appeal (Civil Appeal #1968/13 Beeri V. Elscint Ltd. et. al.) on the District Court decision not to certify a claims against Elscint Ltd. (a former wholly owned subsidiary of the Company which was merged to the Company), the Company and others, as a class action due to the fact that the appellant failed to pay court fees. 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.

For additional details in respect of the said claim, see note 23B(2) to the Company's financial statements for the year ended December 31, 2012, which were filed by the Company on Form 6-K on March 21, 2013.

About Elbit Imaging Ltd.

Elbit Imaging Ltd. operates in the following principal fields of business: (i) Commercial and Entertainment Centers - Initiation, construction and sale of shopping and entertainment centers and other mixed-use real property projects,

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Posted-In: News Guidance Management Global


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