Contact Us

    Amit, Pollak, Matalon & Co.

    APM House, 18 Raoul Wallenberg St.,
    Building D, 6th floor, Ramat Hachayal,
    Tel Aviv, 6971915, Israel

    101 Hebron Road
    Beit Hanatziv, Building B, 3rd Floor
    Jerusalem

    Contact

    T. +972-3-5689000
    F. +972-3-5689001
    E. apm@apm.law
    facebook linkedin

    Media Center / News

    A class action against the banks was rejected : they can benefit from foreign currency exchange rates

    March 13, 2018

    The Tel Aviv District Court rejected one of the largest class actions filed against the banks, and ruled that the banks were allowed to benefit from the profits of foreign currency conversions, a claim that was filed against four defendants, headed by the banks and credit card companies. The lawsuit was filed before 4.5 years for the astronomical sum of $ NIS 13 billion.

    Adv.  Sharon Lubezky Hess, Partner, and Adv. Shahar Haron represented Bank Leumi, Mizrahi Tefahot and Union bank.

    For an article in Globes click here

    For the article in TheMarker click here