Legal Proceedings Report • Apr 5, 2023
Legal Proceedings Report
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Re: A Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. - Immediate ReportNotice is hereby given that a Claim has been filed at the Central Region District Court in Lod against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), accompanied by a motion to certify the claim as a class action (hereinafter, collectively: "The Claim").The matter of the Claim is that in an insurance event in which the policyholder's and/or a third party's motor is damaged, The Phoenix Insurance underpays the appraiser's fee, which was paid by the policyholder and/or the third party.The total damage claimed for all group members was not assessed by the plaintiff, however, he stated that the assessed damage amounts to over NIS 2.5 million.The plaintiff stated that five similar motions for approval of claims as class actions are pending against five additional insurance companies.At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed.. false
| ������ ������ ��"� | 1 818 |
| THE PHOENIX HOLDINGS LTD | |
| Corporation no: 520017450 | 10820 |
| - - - | |
| Israel Securities Authority | Tel Aviv Stock Exchange | �150 ( Public ) | Reported via MAGNA: | 04/04/2023 | ||||||
| www.isa.gov.il | www.tase.co.il | Reference: | 2023-01-034204 | Time of broadcast: 23:46 23:46 |
English language report to Israeli corporateThis form is for reports that has been translated to English (convenience translation) and should be published alongside with the report in Hebrew in accordance with the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970.
References of previous reports relating to this matter: _________ _________ _________
_________
| Attached hereto is a report on | Re: A Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. - Immediate Report Notice is hereby given that a Claim has been filed at the Central Region District Court in Lod against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), accompanied by a motion to certify the claim as a class action (hereinafter, collectively: "The Claim"). The matter of the Claim is that in an insurance event in which the policyholder's and/or a third party's motor is damaged, The Phoenix Insurance underpays the appraiser's fee, which was paid by the policyholder and/or the third party. The total damage claimed for all group members was not assessed by the plaintiff, however, he stated that the assessed damage amounts to over NIS 2.5 million. The plaintiff stated that five similar motions for approval of claims as class actions are pending against five additional insurance companies. At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed. . |
_________
| Reference to parallel Hebrew report: | 2023-01-033997 | |
| This report was not reported in Hebrew. |
Details of the authorized signatories to sign on behalf of the corporation:
| Name of the signer | Corporate Role | |
|---|---|---|
| 1 | Meni Neeman | Other Chief Legal Officer & Company Secretary |
Note: According to Rule 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these Regulations will be signed by the authorized persons to sign on behalf of the corporation. For the ISA staff notice Click here .2 2
| note that the attached report is a convenience translation only and the parallel Hebrew immediate report which was published is the binding report. | |
| References of previous documents relating to this matter(the reference does not constitute incorporation by reference): | |
| - - - | |
| Stock Exchange/Market: ������ | Date of revision of form structure: 21/02/2023 |
| Address: ��� ����� 53 , ������� 53454 , Tel: 03-7332997 , 03-7338174 Fax: 03-7238855 | |
| E-mail address: [email protected] | |
| Previous names of reporting entity: ������ ������� ���� ����� ��"� | |
| Name of the Signatory: ���� ���� Position of Signatory in the reporting corporation: Name of Employer Company: | |
| Address: ��� ����� 53 , ������� 53454 Telephone: 03-7332997 Facsimile: 03-7238831 E-mail: [email protected] 1 | |
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