Sources inform ''Globes'' that Jack and Mark Schimmel today withdrew their motion to liquidate Ganden Investments Ltd., through which Nochi Dankner used to control IDB Holding Corp. Ltd. (TASE:IDBH).
A brief document filed with the Tel Aviv District Court states, "In view of the understandings reached between the parties, after the petition was filed, the petition for liquidation is hereby requested to be cancelled, without a costs order."
In other words, it seems that media pressure following Sunday's story did the trick, and Dankner the Schimmel brothers reached a deal (apparently financial) outside the courts.
Following yesterday's report, Mark Schimmel told "Globes", "There was a mistake. We intend to withdraw the petition for liquidation tomorrow."
Published by Globes [online], Israel business news - www.globes-online.com - on March 31, 2014
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