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Wiz acquires Dazz for $450 million to strengthen AI-driven cloud security
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Cyera doubles valuation to $3B with $300M Series D, total funding hits $600M in seven months
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Michael Levitt Analysis: Corona Is Slowing Down, Humanity Will Survive
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Mediaocean acquires Innovid for $500M, delisting it from the NYSE
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Salesforce seals $1.9 billion cash deal to acquire cloud backup company Own
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Court

20 stories about Court
נדב שובל מנכל ו מ מייסדי OpenWeb

OpenWeb founder’s attempt to regain CEO role fails in court

12.11.24|Sophie Shulman
The judge cites a concealed resignation letter and confirms the board acted within its rights. 
משרדי אינטל ב פתח תקווה

Beleaguered Intel gets $1 billion boost courtesy of EU Court of Justice

24.10.24|CTech and Reuters
The ruling ended a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival. 
השקת האב סקיוריטי הישראלית ב נאסד"ק במרכז התמונה עוזי מוסקוביץ' מנכ"ל החברה

Hedge fund appeals to court to declare Hub Security as insolvent

11.04.24|Almog Azar
Dominion Capital claims that Hub is not paying back a debt of over $3 million as "not only does the company lack an economic horizon, but it also lacks economic feasibility, and it is highly doubtful if it ever had any at this stage."
מייסדי וסטו יניב ברטלה ו אלון ליפשיץ

Court overturns Vesttoo's seizure request against founders and execs

20.02.24|Meir Orbach
District Court in Tel Aviv rules in favor of co-founders Yaniv Bertele and Alon Lifshitz, dismissing seizure bid
עילית רז ג'ונקו joonko

Former Joonko CEO Ilit Raz suing company for $300,000 in legal expenses

23.01.24|Meir Orbach
Raz, who left the company amid allegations from the board that she “engaged in egregious, unethical, and fraudulent conduct”, is alleging corporate failure to cover attorney expenses related to an investigation
בני שטיינמץ ב בית המשפט ב ז'נבה שוויץ

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
עמי בר לב מנכ"ל ביקום עמי בר-לב

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 co-founders

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
מייסדי Vesttoo

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 co-founders

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
בניין הנהלת קומברס ברעננה

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
מייסדי לושה יוני צרויה ו אסף אייזנשטיין

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
סייבר האקרים אבטחת מידע

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
בית משפט פטיש שופטים שופט פסק דין

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
יורם קראוס מייסד ומנכ"ל אינפיבונד

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
מטה NSO הרצליה סייבר 1

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
מפעל טבע נתניה

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
מוסף שבועי 14.5.20 ד"ר יואב ספיר

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
אליוט ברוידי

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
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