The ruling was given in the lawsuit of Haim Bukai, who mediated in 2006, about a year after the technology company was established, in an investment transaction between the company and the businessman, Giora Naftali, at a value of a few million dollars. Bukai claimed that in exchange for brokerage he was promised options of 5% of the share capital at the time, but after most of the investment was returned to Naftali, the company waived the consideration.
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Judge Magen Altuvia now ruled that because in Bukai’s case there was a discriminatory dilution, he would receive 5% of the company regardless of dilutions that significantly reduced his holdings. The company is private, but according to the value in the raising, the shares will be worth $ 10 million – about NIS 35 million.