Defending One of Israel's Leading Credit Card Companies in Class Action Suits

Our firm represents one of Israel's leading credit card companies in several multi-million ILS class action suits. One such suit was filed in the Tel Aviv District Court for the amount of approximately ILS 92 million.

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Our firm represents one of Israel’s leading credit card companies in several multi-million ILS class action suits. One such suit was filed in the Tel Aviv District Court for the amount of approximately ILS 92 million. The plaintiff took two loans from our client and the interest on the loans was based on the prime interest rate. The plaintiff claimed that the total interest rate of the loan was higher than the maximum interest rate allowed under the law. During  recent hearing held in the District Court, the court expressed its opinion that the suit’s chances of success were slim, resulting in the plaintiff withdrawing from the class action, and in the dismissal of the claim.
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