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#parent | #kids | Fight over El Al’s future heats up between directors, prospective buyers | #students | #parents


Tension is growing between the board of directors of El Al and one of the company’s prospective buyers, the Rozenberg family.Officially, while Eli Rozenberg, a yeshiva student in his 20s has submitted the offer to purchase the national carrier, his father Kenny Rozenberg is said to be behind the purchase. The older Rozenberg is the founder and CEO of Centers Health Care. His son Eli has made a $100 million bid for 45% of the company, which if accepted, would give him control of the airline.Last month, El Al asked Rozenberg to provide more information about his relations with his father, after the company unveiled a previous lawsuit that it says calls into question the ethics of the family.Specifically, El Al’s lawyer, Avigdor Klagsbald, requested Rozenberg’s lawyer, Adi Zaltzman, provide further information about the relations between the father and son, as well as details concerning the 2018 settlement agreement between the state of New York and Centers Plan for Healthy Living (CPHL), a New York-based nursing home chain owned by the older Rozenberg.CPHL agreed to pay $1.65m. to US authorities after it was alleged it filed false claims to defraud the state. News was reported by the Buffalo Business First news site.In addition, in 2019, Beckers Hospital Review reported that the US government’s Centers for Medicare & Medicaid Services had ranked Centers Plan for Healthy Living with low star ratings and at the time issued a warning for their quality performance.Meanwhile Sunday, the Treasury was scheduled to roll out a new aid plan for the airline, which was hit hard by the coronavirus outbreak and has been in advanced negotiations for a government bailout to avoid bankruptcy since the beginning of the health crisis.The government initially offered to back $250 million in bank loans in exchange for El Al issuing $150 million in shares, which the state will buy if no one else does in a public offering.Last week, Rozenberg added Trump’s former Mideast envoy Jason Greenblatt to his team of advisers and has reportedly said that he would like the former government official to serve as his representative on the airline’s board if his purchase goes through.

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