Legal Proceedings Report • Dec 31, 2025
Legal Proceedings Report
Open in ViewerOpens in native device viewer
Company Registration Number: 520007469
Form Number: T121 (Public) Reported on MAGNA: 31/12/2025 Reference: 2025-01-105483
Do not use this form when there is a form tailored to the reported event.
This reporting form is intended for material reports for which there is no dedicated suitable form.
Results of an issuance should be reported in T20 and not in this form.
Reporting on a rating of BONDS or a rating of a corporation should be submitted using form T125.
| Nature of the Event: |
|---|
| Settlement in Class Action - Subsidiary Company |
| Reference Numbers of Previous Reports on the Subject:,, |
Content of the Report:
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
In continuation to the immediate report dated November 20, 2019 (Reference: 2019-01-112867) and as stated in Note 12(b)(7) to the Company's financial report as of September 30, 2025, published on November 30, 2025 (Reference: 2025-01-094062), concerning a lawsuit and a motion for its approval as a class action, filed with the Central District Court against Menora Mivtachim Insurance Company Ltd, a subsidiary of the Company (hereinafter: "the Defendant"), and which concerns the allegation that the Defendant allegedly increases insurance premiums contrary to the change table of insurance premiums specified in the list of conditions attached to the policy, and also allegedly changes the insurance premiums during the insurance period, so that fixed insurance premiums become variable insurance premiums, unilaterally — the Company hereby announces that on December 30, 2025, a motion was filed with the court for approval of a settlement agreement referring only to policyholders in the long-term care insurance policy, within which it was agreed as follows:
With respect to all policyholders in a long-term care insurance policy with variable premiums that began in October 2001 and from whom insurance premiums were collected at different times and at rates higher than those specified in the insured's details sheet the Defendant will pay a total, final, complete, and inclusive compensation amount of NIS 55 million, according to a mechanism that grants policyholders who are members of the group a discount on the insurance premiums that they will actually pay, from the time each policyholder reaches the payment tier of age 65 until reaching the age of 85, all as detailed in the settlement agreement. It was also agreed that the Defendant will pay the representative plaintiff and his legal counsel an award and fees in non-material amounts.
The settlement agreement relating to the long-term care insurance policy is subject to the court's approval.
| File Attached: |
|---|
| The company is not a shell company as defined in the Stock Exchange regulations. |
| Date the corporation first became aware of the event: 30/12/2025 at 10:30 |
Details of Authorized Signatories for the Corporation:
| Name | Position |
|---|---|
| Shimon Ir Shay | Company Legal Counsel |
According to regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted according to these regulations must be signed by those authorized to sign on behalf of the corporation. A staff position on this topic can be found on the authority's website: Click here.
Short Name: MENORA MIVTACHIM HOLDINGS
Address: 23 Jabotinsky St., Ramat Gan 5251102
Tel: 03-7107801 Fax: 03-7107633 E-mail: [email protected] | Company website: http://www.menoramivt.co.il
Menora Holdings Ltd., Menora Insurance Company Ltd.
Position: Legal Counsel Employer company name: Menora Mivtachim Insurance Company Ltd.
Address: 23 Jabotinsky St., Ramat Gan 5251102 Tel: 03-7107639 E-mail: [email protected]
There are no images in the content provided.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.