Kohan Properties Bondholders File Class Action Claim Over 90 Million Shekel Loss
How 1 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 18 hours ago
What happened
Bondholders of Kohan Properties have filed a class action lawsuit alleging 90 million shekels in damages due to misleading disclosures and misuse of bond proceeds by controlling shareholder Mike Kohan. The company disclosed that funds were improperly used to repay loans on non-company assets and failed to report key financial dealings. Kohan acknowledged management failures and pledged to restore trust and inject additional funds if needed.
- 01Kohan Properties bondholders seek class action over 90 million shekel investor losses.
- 02Misleading disclosures and undisclosed loans allegedly harmed bondholders.
- 03Company used bond proceeds to repay loans on assets not owned by it.
- 04Controlling shareholder Mike Kohan admitted management errors, denied fraud.
- 05Kohan Properties still verifying data; shareholder returned funds and pledged more.
- 06Largest bondholders include Mor Investment House, Phoenix, and Meitav funds.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 1 outlets
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