 HERZLIYA, Israel, June 18, 2019 PRNewswire -- Optibase Ltd. OBAS the Company or Optibase announces that further to its announcements dated October 27, 2014, and May 13, 2015, the Israeli Central Lod District Court the Court denied on June 16, 2019, the motion to approve the filing of a derivative claim against the Companys controlling shareholder, directors, CEO and certain former controlling shareholder and directors. Optibase had vigorously denied the derivative claim allegations as meritless and is pleased that the Court rejected all the plaintiffs claims and ruled significant legal costs in favor of the defendants. 