Spizz v. Eluz (In re Ampal-American Israel Corp.)

MEMORANDUM DECISION GRANTING IN PART AND DENYING IN PART MOTIONS TO DISMISS

' STUART M. BERNSTEIN, United - States Bankruptcy Judge: ■

The chapter 7 trustee (the “Trustee”) of the debtor, Ampal-Ameriean Israel Corporation (“Ampal”), commenced this adversary proceeding against Irit Eluz, Ampal’s former Chief Financial Officer, and Revital Degani, Yehuda Kami, Menahém Morag and Daniel Vaknin, Ampal’s, former independent directors (the “Independent Directors,” and collectively with Eluz, the .“Defendants”), alleging breach of fiduciary duty. Eluz and the Independent Directors filed separate…