Silynxcom faces Israel lawsuit alleging CEO, marketing VP seized family control, diluted heirs’ stake
SYNX•Claims over stake purchase and company response
The claims also target a $250,000 purchase of a 25% stake from Shamrock in November 2019, citing lack of notice.
Plaintiffs seek NIS 16.93 million from the two executives or 650,694 company shares each, plus additional compensation.
Silynxcom disputes the allegations and plans to fight the case, including seeking dismissal where appropriate.
Lawsuit alleges seizure of family control and dilution of heirs' stake
Silynxcom faces a claim in Israel’s Central District Court alleging its CEO and a director wrongfully seized control of a family business.
The suit alleges reliance on an invalid proxy to issue 9,833,333 shares in a U.S. unit to the CEO, leaving the late mother with 1,000,000.
