Africa Israel Investments Ltd., a real estate company controlled by billionaire Lev Leviev, was barred from offering securities including condominiums in New York pending a fraud probe by the state attorney general.
SodaStream International Ltd., the Israeli maker of home soda machines with a factory in the West Bank, sank to the lowest since 2012 in New York amid growing criticism for businesses operating in a territory that Palestinians seek for an independent state.
Israeli Prime Minister Benjamin Netanyahu attacked the growing global campaign to sanction his country for West Bank settlements, saying such efforts weaken Palestinian willingness to make compromises for a peace deal.
Chagit Sofiev-Leviev, daughter of billionaire Israeli real estate developer Lev Leviev, is at the center of a lawsuit over Taly Diamonds (N.Y.) Ltd., a New York precious-stone business that she half-controls.
Richard Marin , former chief executive officer of Africa Israel USA , sued the company and its Israel- based parent, saying he was fired after uncovering “serious instances of self-dealing and conflict of interest.”
Africa-Israel Investments Ltd. fell to the lowest level in almost a year after Globes business daily reported that the real estate company owned by businessman Lev Leviev may need to restructure obligations in 2014.
Africa Israel USA, billionaire Lev Leviev’s U.S. real estate unit, agreed to sell 88 Leonard, a luxury apartment building in Manhattan’s TriBeCa neighborhood, in a deal the company values at about $222 million.