Advertisement

U.S.-based Bankers Trust Co., in a move...

Share

U.S.-based Bankers Trust Co., in a move that could hurt Israel’s Labor Party in next month’s general election, has filed a lawsuit to break up Israel’s biggest industrial concern, trade union-owned Koor Industries Ltd. Bankers Trust, Koor’s largest foreign creditor, filed the suit in a Tel Aviv court, demanding immediate repayment of a $20-million loan, a Koor spokesman said. The court gave Koor, a diversified manufacturer, 10 days to respond to the suit.

Advertisement