News / CEVA plaintiffs get injection of hope from shift in gear

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CEVA’s impending IPO on the Swiss Stock Exchange and the appointment of a new judge has given the executives suing shareholder Apollo Global Management new confidence.

Apollo, the controlling shareholder of CEVA, and two of its directors are facing two cases: a bankruptcy case in New York and a class action in Florida.

While it was decided that the latter case was “derivative” and is currently in abeyance, the New York action is continuing.

This week, the “trustee” of defendants CIL Ltd and CEVA Logistics Ltd ...