The District Court Approves a Settlement Agreement In Lieu of a Derivative Action Regarding the Salmonella Incident in Strauss’s Chocolate Factory, and Delineates the Boundaries of Independent Committees, the Standard of Judicial Review of Their Decisions, and the Applicability of the Caremark Doctrine in Israel
Dear Clients,
In this client update, we will present the main points of the judgment of the Tel Aviv-Jaffa District Court (Economic Department) in the matter of Olir Trade and Industries Ltd. v. Strauss Group Ltd. et al. in which a settlement agreement was approved in a proceeding for the discovery of documents prior to filing a motion to certify a derivative action, in connection with the salmonella incident at the chocolate factory of Strauss Group Ltd. in 2022.
To read the full update click here.
