ElAl: Lawsuit on Matmid Points approved as class action
Google translate from Tel Aviv Stock Exchange filling:
"Further to the immediate report of the Company dated April 15, 2015 (Ref. No. 01-079609), regarding the request to approve a claim as a class action ("the Motion"), which was filed against the Company regarding the change in the terms of the Frequent Flyer Club ("Club" The Company confirmed that on November 14, 2017, the District Court of Tel Aviv-Jaffa approved the request. The main remedies are declaratory relief, which indicates that the changes made in the club program conditions were made unlawfully; Monetary compensation for members of the group for damage caused to them as a result of changes in club conditions; Or alternatively issuing an order instructing the company to allow club members to take advantage of points accumulated in the past according to the club's conditions prior to the change. The group of claimants was generally defined as members of the club, which at the time of each of the changes made, held points and their points were devalued due to the changes.
The Company is examining the decision and its implications"