In 1999 Millennium's former compliance officer accused Sitomer, Rome and another colleague of conspiring to force him out and to punish him by salting his terminationstatement with false information.
The Ampal-American Israel Corporation, an investment and holding company with headquarters in Israel, made the announcement of the termination in a statement on Sunday.
Ltd. will wind down over the course of two years following the termination of the cooperation contracts, Swatch said in its statement, adding that it will seek damage claims.