Alex Sapir faces $14M claim from Israeli bondholders

Israeli bondholders are seeking to hold developer Alex Sapir personally liable for debt tied to the collapse of Sapir Corp. Trustees representing the bondholders petitioned an Israeli court for permission to pursue Sapir for $14 million he allegedly pledged to them as he was trying to restructure the company’s debt, according to filings from the Tel Aviv Stock Exchange. The bondholders are also seeking unspecified damages, as well as legal fees, according to the October filing. “Alex Sapir declines to comment while this matter is ongoing,” a Sapir spokesperson said. Sapir Corp, which was controlled by Sapir, filed to enter […]

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