Our Firm Represents 72 Investors in a Claim for NIS 20 Million Against Keren Hagshama for the Failure of a London Project
18.06.2019
A claim of NIS 20 million was filed to the District Court (The Economic Division) by 72 fund investors, represented by Adv. Ronen Adini, against Keren Hagshama, its affiliated companies, and directors, as well as against Avi Katz and Hanan Shemesh, two of the fund’s founders.
The plaintiffs argue that Hagshama marketed property in Hampstead – a prestigious neighborhood in London – to Israeli investors, but did not disclose that the property was a building for preservation, and could not be demolished. Therefore, the prestigious project that Hagshama was planning to construct and was marking to investors, could not be constructed in its place. Following the project’s failure, all funds invested by those 72 investors, a total of approx. NIS 20 million were lost and hence the claim was filed.
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