Embattled Israeli Tycoon Dankner to Keep Managing IDB, but Under Watch of Creditors

Tel Aviv District Court judge had tough words for IDB Development's management but said he was not ready to consent to a takeover by bondholders.

Nochi Dankner will continue managing the IDB Development Corporation, but he will be under the careful watch of his creditors, a court hearing a dispute between the indebted holding group and its bondholders ruled Tuesday.