An independent, document-based archive
Judgments, settlements, class actions and enforcement proceedings against Bank Mizrahi Tefahot, Mizrahi Tefahot Leasing and Bank Igud. Every decision with its case number, court, date and a link to the source.
This site gathers in one place what is today scattered between the Israeli courts database (Net HaMishpat), the bank’s filings with the Israel Securities Authority, legal databases and the financial press: judgments, settlements, class-action certifications and enforcement decisions in which Bank Mizrahi Tefahot Ltd., Mizrahi Tefahot Leasing Ltd. (formerly Igud Leasing) or Bank Igud (Union Bank of Israel) are a party.
Every decision has its own page with the case number, the court, the date, the amount, what was decided and what it means for customers. Where the text of the decision was published online, there is a direct link. The articles are written from the documents themselves and the sources are listed at the end of each page.
Searching for “Mizrahi Tefahot” returns mostly what the bank itself publishes. The court decisions against the bank exist, but they are dispersed, poorly indexed and hard to find for non-lawyers. The site gives customers, journalists and lawyers a single starting point, in five languages.
Judge Shmuel Bornstein certified a class action against four banks, including Mizrahi Tefahot, over the non-payment of interest on credit balances in current accounts, on the cause of action of unjust enrichment. The …
The court approved a settlement under which Mizrahi Tefahot will pay NIS 5.5 million to the Class Actions Fund and improve disclosure to customers on the calculation of early repayment fees on multi-track mortgages.
The court approved a settlement in a class action alleging that the bank classified corporations entitled to "small business" status as a "large business" and overcharged them fees. Under the agreement, the bank will pay …
The court approved a settlement under which Mizrahi Tefahot will compensate eligible customers with NIS 1,000,000 for failing to disclose in advance correspondent bank expenses on foreign currency transfers.
The court partly allowed the claim and ordered the bank to pay the customer NIS 2,200 in compensation for distress and NIS 600 in costs, after a credit data report promised in a sealed envelope was handed to him open and …
The court approved a settlement under which the bank will refund 90% of the fee difference it charged for duplicate series of lawyers' warning letters; according to the bank's affidavit, the refund stood at NIS 2,226,900 …
Judgments, settlements and class-action certifications against Bank Mizrahi Tefahot, Mizrahi Tefahot Leasing and Bank Igud, by topic and by date.
What the bank itself reports to the Israel Securities Authority and the public, and what the financial press publishes: customer complaints, the Igud merger, pending claims.
Proceedings by law-enforcement and regulatory authorities in Israel and abroad involving Bank Mizrahi Tefahot: the 2019 deferred prosecution agreement with the US Department of …