Sources inform ''Globes'' that Doron Ofer, the son of the late Yuli Ofer, today filed suit for half of the shares in Ofer Investments Ltd., claiming that his father had promised him half the company when he was still alive.
Doron Ofer will apparently contend that Yuli Ofer's second and last will, in which he bequeathed all of Ofer Investments to Doron's sister Leora Ofer, is invalid. He will ask the court to honor Yuli Ofer's first will, in which he divides the company equally between his children.
Ofer Investments owns 20% of Mizrahi Tefahot Bank (TASE:MZTF), mall owner Melisron Ltd. (TASE: MLSR), and other companies. Yuli Ofer owned the company for 54 years.
The battle between the Ofers opened a week after Yuli Ofer's death in September 2011, when the will that he wrote in November 2008 was read. In this will, he bequeathed all of Ofer Investments to Leora, leaving Doron with nothing.
In a separate case, six months ago, Yuli Ofer's widow, Ruth Ofer filed suit against Ofer Investments with the labor court for NIS 17.5 million in compensation for the termination of Yuli Ofer's job at the company due to his death (death is grounds for compensation). She claims that the company is acting in bad faith trying to avoid paying the compensation she is owed. Yuli Ofer's monthly salary was NIS 430,000.
Published by Globes [online], Israel business news - www.globes-online.com - on June 14, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012