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Wonderful raises $34M in Seed funding to bring multilingual AI to global call centers

Ex-IDF Major General Giora Eiland raising $100M defense fund

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Court

20 stories about Court

Mining mogul Steinmetz detained in Cyprus on European Arrest Warrant

03.09.23|Tomer Ganon

Steinmetz, according to a statement from the spokesperson, was detained on Thursday "during his arrival at the Larnaca airport, due to an European Arrest Warrant (EAW) issued by the Romanian authorities, which has already been canceled in various European countries, among them in Greece and Italy"

אביעד שניידרמן מייסד משותף ומנכ"ל Aura Air

How did Aura Air go from $60 million valuation to bankruptcy

27.08.23|Lital Dobrovitsky

The District Court in Tel Aviv has approved the Israeli air filtration company’s request for bankruptcy due to debt of approximately $13 million

Beleaguered Vesttoo regains control of assets thanks to bankruptcy filing

16.08.23|CTech

The temporary restraining order preventing the Israeli startup from accessing its assets in the U.S. was lifted after it filed for Chapter 11 bankruptcy protection in a U.S. court a day earlier

Vesttoo seeks Chapter 11 bankruptcy protection

15.08.23|Reuters and CTech

The Israeli fintech has laid off staff, closed offices and appointed an interim chief executive following the discovery of fraudulent letters of credit used on its platform

White Rock requests Tel Aviv court to freeze all Vesttoo’s Israeli accounts

14.08.23|Tomer Ganon and Almog Azar

This comes after Vesttoo had all its assets, including bank accounts, in the U.S. frozen by a New York court last week following a request by White Rock

Vesttoo assets frozen by New York court

11.08.23|Almog Azar

The beleaguered fintech startup was handed another blow after all its assets, including bank accounts, were frozen at least until next week following a request by reinsurance broker Aon’s White Rock SAC

After 13 years, Comverse ordered to compensate former employees $16 million in backdating affair

12.07.22|Lital Dobrovitsky

The Comverse options backdating affair, which first made headlines in 2006, prevented its employees from exercising their options. The employees will finally be compensated after reaching a settlement as part of class actions lawsuits filed in 2009

Investment firm Plus Ventures suing unicorn Lusha, claims it was defrauded of holdings

08.05.22|Meir Orbach

The firm claims it invested in a previous reincarnation of Lusha. The unicorn, which raised $205 million at a $1.5 billion valuation last year, said it has no connection with the plaintiffs and that its product was built based on independent intellectual property

Delaware Court in Marriott ruling: Directors have duty of oversight in cybersecurity

01.11.21|Michal Barzuza and Ido Kenan

The ruling makes it clear that the court views cybersecurity as a central risk for all firms, not just hi-tech companies, and expects directors to monitor it closely

Who owns a startup’s funds, the company, or its investors?

15.11.20|Amir Kurtz

A court case into Israel’s forfeiture of a founder’s assets in a criminal proceeding may have wider implications for the tech investment scene

Once valued as a unicorn, trustees now seek to sell bankrupt InfiBond for $7 million

30.08.20|Lital Dobrovitsky

Founded in 2014, InfiBond, which has undergone several pivots throughout the years, remains one of the local tech sector’s most enigmatic companies

Court rejects Amnesty International petition to withdraw NSO’s export license

13.07.20|Hagar Ravet

Judge said she is satisfied that the defense ministry’s oversight of defense exports is sufficient

Israeli court documents reveal worrying details on Teva’s decision to acquire Mexico’s Rimsa

08.06.20|Sophie Shulman

Classified documents show that Teva's board of directors didn't even dedicate a full meeting to the acquisition

Covid-19 Crisis Sidelined Individual Rights and Hurt Relations Between Police and the Public

17.05.20|Amir Kurtz

Yoav Sapir, Israel’s National Public Defender, witnessed how quickly justice was eroded under the state of emergency—cops that acted out of order, courthouses that shut their doors to the needy and undue surveillance of citizens— but he still believes that Covid-19 is an opportunity to make improvements

The Dodgy Framework and the Middlemen: how NSO Sold its First Pegasus License

24.02.20|Tomer Ganon and Hagar Ravet

A legal dispute regarding brokerage fees sheds light on the way the malware was first sold to a foreign country. American businessman Elliott Broidy, currently under investigation by the U.S. Department of Justice for possible violations of lobbying laws, was originally tapped as one of the architects of the deal despite admitting to illegal gifts worth $1 million shortly before

מימין נתי דוידי ו אורי אלטר מייסדי סייברה

Court Rules Tens of Millions of Dollars in Favor of Ousted Cyvera Co-Founder

11.08.19|Golan Hazani

Co-founder Moshe Ben Abu waived most of his stake in Cyvera prior to its acquisition by Palo Alto Networks for around $200 million in 2014

Israeli Court Approves SEC Request to Question Israelis in Connection to Mobileye’s Insider Trading Investigation

08.08.19|Tomer Ganon and Ran Abramson

In 2017, the SEC opened two investigations, one against American citizens and one against Israeli citizens, into whether information about Intel’s $15.3 billion Mobileye acquisition was leaked before the public announcement and used for illicit profit

Tel Avivians Ask the City to Require Permits for Airbnb Operators

23.07.19|Lital Dobrovitsky

In Tel Aviv,the battle against Airbnb rentals has just gone one step forward. Tired of having their complaints to the city go unanswered, 12 residents filed a petition Monday to a Tel Aviv district court against the city, demanding it takes action against unlicensed Airbnb rentals

Israeli Court Rules Bank Can Refuse to Deposit Funds From Cryptocurrency Transactions

18.03.19|Omri Milman

Last year, crypto mining company Israminers appealed to the court after Israel’s Bank Igud refused to take its business, claiming it is in violation of the bank’s terms of service

Juul Petitions Israel’s Supreme Court Against E-Cigarette Marketing Ban

28.02.19|Moshe Gorali

In December, Israel passed a bill restricting the advertising and marketing of smoking paraphernalia in the country, extending existing limitations to tobacco-less vaping devices

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