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IN RE AMPAL-AMERICAN ISRAEL CORP.

Case No.: 12-13689 (SMB). Adv. P. No. 14-02385 (SMB).

545 B.R. 802 (2016)

IN RE: AMPAL-AMERICAN ISRAEL CORP., Debtor. Merhav Ampal Group, Ltd. f/k/a Merhav-Ampal Energy, Ltd., Plaintiff, v. Merhav (M.N.F.) Limited and Yosef A. Maiman, Defendants. Merhav (M.N.F.) Limited and Yosef A. Maiman, Third Party Plaintiffs, v. Hermatic Trust (1975) Ltd. Reznik Paz Nevo R.P.N. Trusts 2007 Ltd., Mishmeret-Trust Company Ltd., Psagot Investment House, Ltd., Meitav Investment House, Ltd., Shapira & Co., and Ofer Shapira, Third Party Defendants.

United States Bankruptcy Court, S.D. New York.

Signed February 29, 2016.

Attorney(s) appearing for the Case

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP, Counsel for the Third Party Plaintiffs, 1633 Broadway, New York, NY 10019, David M. Friedman, Esq., Daniel A. Fliman, Esq., P. Nii-Amar Amamoo, Esq., Andrew R. Kurland, Esq., Of Counsel

AKIN GUMP STRAUSS HAUER & FELD LLP, Counsel for the Third Party Defendants, One Bryant Park, New York, NY 10036, Sean E. O'Donnell, Esq., Arik Preis, Esq., Rachel E. Albanese, Esq., Patrick M. Mott, Esq., Of Counsel

MEMORANDUM DECISION GRANTING THIRD PARTY DEFENDANTS' MOTION TO DISMISS

Merhav Ampal Group, Ltd. ("MAG"), an indirect wholly-owned subsidiary of the debtor, Ampal-American Israel Corporation ("Ampal"), brought this adversary proceeding to recover on a $20 million note executed by Merhav...

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