Senvest Capital

Two Cayman Islands hedge funds - Senvest Master Fund, L.P. and Senvest Technology Partners Master Fund, L.P. - have applied to a federal court in New York to quash IRS summonses that were issued to Morgan Stanley apparently in support of an investigation by Canada Revenue Agency into the tax liabilities of Toronto Stock Exchange-listed Senvest Capital Inc., senior officer and major shareholder Richard Mashaal, and an affiliate, Jefferson Northern, Inc.

Petition to Quash Summonses that "were issued to Morgan Stanley & Company LLC and Morgan Stanley Fund Services USA LLC" by the IRS - allegedly acting on behalf of Canada Revenue Agency - for use in CRA's investigation into the tax liabilities of Senvest Capital Inc. Richard Mashaal, and Jefferson Northern Inc. in Senvest Master Fund, L.P. and Senvest Technology Partners Master Fund, L.P., both of the Cayman Islands v. USA at the U.S. District Court for the Southern District of New York.