Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Directors Deals Ltd.
$12.00
Provider: SADIF-Investment Analytics, S.A.
$115.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Issta Lines Ltd And Clal Insurance Are Involved In ILS 100,000,000 Legal Proceedings, Allegation Of Privacy Law Breach And Violation Of Consumer Protection Act


Sunday, 29 Sep 2013 03:19am EDT 

Issta Lines Ltd (Issta) announced that September 17, 2013, legal claim and request for approval as class lawsuit action was filed against the Company, and Clal Insurance Enterprises Holdings Limited's subsidiary, Clal Insurance Company (Clal Insurance). The claim was filed on behalf of Issta's and Clal Insurance's clients alleging to have been contacted by Clal Insurance sales agents, after they ordered airway tickets for travels abroad with Issta, to be offered insurance policies covering those travels. The Plaintiffs allege their personal data must have been transferred from Issta servers to Clal Insurance servers, and traded without their prior explicit approval. Their motion claims a blatant breach of Privacy Law, breach of statutory duty, misrepresentation in violation of the Consumer Protection Act of 5741 (1981), and unjust enrichment, amongst many. Their claim covers ILS 100,000,000 in compensation, or, any other amount equivalent to the value of the data concerned, plus interest rate and linkage. They also request declaratory order stating that Issta and Clal Insurance offered and marketed their products in a manner contradicting the law, a “do” fiat requiring the two companies to change their standards and procedures, and finally, to return to their clients all the wealth surplus generated as result of Issta’s and Clal Insurance’s activities and/or neglect in conduct. 

Company Quote

3410.0
-14.0 -0.41%
24 Jul 2014