Former Blue-White senior previously served as chairman of the Oil Company, which reached a settlement agreement with investors who claimed the company had misled and cheated them • Now a top appeal has been filed: "The arrangement is defective"
Gabi Ashkenazi // Photo: Coco
Gabi Ashkenazi, number 4 in white and blue, is expected to be another legal teacher soon, in an affair in which he allegedly mislead investors with an oil company headed by him.
Israel Today learned that on Thursday, the Supreme Court appealed the settlement agreement in a class action lawsuit against oil, which was approved by the Tel Aviv District Court a month and a half ago.
According to the appellant, attorney Yogev Halfon, "The court approved a defective and improper settlement, which ended the claim with a paltry sum of NIS 3.5 million (not including NIS), instead of NIS 35 million." Halfon also adds that the verdict relies An expert opinion on behalf of an oil company. "The opinion is wrong, biased and based on incorrect data, without the court appointing a neutral expert on its behalf. Therefore, there is a substantial need to cancel the judgment."
Halfon is also preparing to file private claims against Ashkenazi and former private investors in the company. We recently announced that this May, the court will be asked to approve another class action lawsuit against oil and Ashkenazi, in the amount of about NIS 90 million.
These are events that occurred in 2013, when it carried out oil drilling for the purpose of finding oil near the Ashdod beaches. Drilling failed, Ashkenazi chairman and CEO Yossi Levy resigned, and the company's value plummeted from half a billion to almost zero. Prosecutors say Levi and Ashkenazi mislead the company's investors into thinking that there was a high chance of finding oil, even though they knew it was doomed to failure.
Dror Swaransky, who represents the defendants, said: "This is an exceptionally low prospect, which is expected to be rejected. The settlement agreement was approved by the district court. We believe that the company's reports were all lawful."
