Our firm represents the derivative plaintiff in Discount Investment Company v. Ma’ariv

In the background of the turmoil that arose in the case of Discount Investment Company v. Ma’ariv, we should emphasize a pivotal point which concerns the status of the plaintiff’s counsels, Adv. Ronen Adini and Ram Dekel. After the Judge approved the petition for a derivative claim, Adini and Dekel became counsels to Discount Investment Company, which refused to sue Nochi Dankner and the group of directors who burned over NIS 300 million shekels on the acquisition of Ma’ariv.

That transition is not simple. First, they attacked the Company, and now they represent it. On the eve of the approval of the petition, their client was the minority shareholder, the petitioner in the derivative claim, Rami Ostrovsky, and now their client is Discount Investment Company. This transition is very significant. From now on, the attorneys owe a debt of trust to the Company that owns the property that has been bought therefor – the plaintiff’s claim against the transgressing directors.

In his blog, “Period at the End of the Sentence”, Prof. Amir Licht discusses the attorney’s dual status.

Read the full article in Calcalist (Hebrew)