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Israel's top court leaves door open for lawsuit against Tamar partners

Published 09/28/2017, 12:35 PM
© Reuters.  Israel's top court leaves door open for lawsuit against Tamar partners
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  • Israel's Supreme Court says it will not dismiss a class action lawsuit against the partners in the Tamar natural gas field that claims the companies have charged unfair and monopolistic prices.
  • Noble Energy (NBL -1.9%) and the Israeli companies belonging to the Tamar consortium - including Delek Drilling (OTC:DKDRF), Isramco Negev (NASDAQ:ISRL) and Tamar Petroleum - are sharply lower after the decision.
  • The Tamar partners describe the court ruling as purely procedural and predict the suit eventually will be thrown out.
  • Now read: Ensco Announces Drillship Contract


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