Elbit: Dismissal Of Purported Class Action Against Company

(RTTNews) - Israel-based Elbit Imaging Ltd (EMITF) Thursday announced further to its announcement of April 15, 2013 that the District Court of Tel-Aviv Jaffa dismissed the purported class action lawsuit filed against the company by a holder of Series B Notes following the approval of the adjusted plan of arrangement by the Court in early January of this year.

Elibit said that such dismissal will not derogate from the appeal filed with the Israel Supreme Court arguing that the Court erred in approving the Arrangement, as announced by the company last February.

Elbit Imaging operates in business including commercial and entertainment centers, hotels, medical industries, residential projects and fashion apparel.