Gil Shwed

Following disagreements with the Israeli tax authorities and appeals, Check Point reached a settlement in July 2025 providing for payment of 223.2 million shekels in additional tax for 2016-2020. The Tel Aviv District Court approved the agreement.

State of the evidence

Settlement

The SEC brought proceedings against Check Point concerning how the company had described the risks and impact of the SolarWinds compromise. Check Point agreed to pay a civil penalty of 995,000 dollars.

State of the evidence

Settlement

Following adoption of legislation limiting judicial review on reasonableness grounds, Shwed expressed concern about Israel's institutional environment, going so far as to say that he did not know whether he would register Check Point in Israel if starting again today.

State of the evidence

Documented

Attribution

Personally implicated

In another SofaWare case, the court found failings by Check Point and ordered it to pay approximately 13 million shekels. The judge also strongly criticised Shwed's testimony, referring to selective memory.

State of the evidence

Documented

Attribution

Direct responsibility

Investors sued Check Point and several executives, including Gil Shwed, alleging that statements concerning sales, demand and the outlook for 2001-2002 had been misleading. Check Point subsequently agreed to an insurance-funded settlement of 13 million dollars.

Attribution

Accused

Under Shwed's leadership, Check Point announced the acquisition of Sourcefire for approximately 225 million dollars. The proposal underwent an extensive CFIUS review concerning national security issues and was ultimately abandoned.

State of the evidence

Documented

Attribution

Direct responsibility

Adi Ruppin, a former SofaWare executive, sued Check Point and Gil Shwed in a governance dispute concerning the joint venture. The court dismissed the claim against Shwed personally and criticised the tone of certain allegations.

Attribution

Accused