Litigation

We represent US investment fund Steel Partners in litigation against InMode, its CEO, and its board of directors, focused on the question of who qualifies as the de facto controlling shareholder of a public company. In the claim, we argue that although the CEO holds only 7% of InMode’s shares, he effectively exercises control over the company. As a result, the acquisition offer he submitted should be subject to the stricter rules and standards applicable to controlling shareholders. The lawsuit comes amid an escalating battle for control of InMode, which is traded on Nasdaq and has a market capitalization of approximately USD 900 million. Steel Partners is represented by Adv. Micky Barnea, Adv. Eyal Nachshon, Adv. Shay Bello, and Adv. Noa Raz of our firm.

Adv. Zohar Lande, Adv. Eran Winner, Adv. Gaya Tsarfati, and Adv. Rotem Bensky of our firm's Litigation Department represent Mark Gazit in a lawsuit filed with the District Court against ThetaRay, its Chairman Erel Margalit, and additional defendants. The claim alleges breaches of obligations under Gazit's separation agreement, including commitments to enter into a consulting agreement and grant stock options, as well as personal liability on the part of the company's chairman.

Adv. Zohar Lande, a senior partner and head of the firm's Litigation Department, participated today in a panel discussion at the ACC Israel Annual Conference. The panel focused on how professional setbacks and challenges throughout a legal career can lay the groundwork for some of the most significant litigation successes.