Championing the Rights of
Institutional Investors Worldwide

Pomerantz is at the vanguard of domestic and international securities litigation – protecting, vindicating, and expanding the rights of investors in the global marketplace.

The United States Supreme Court’s 2010 decision in Morrison v. Nat’l Australia Bank Ltd., 561 U.S. 247 (2010), disrupted decades of legal precedent by barring use of U.S. federal securities laws to recover losses from investments in foreign-traded securities – even where a company dual-lists its stock or sells other securities in the U.S. Investors were abruptly left unprotected, with no right of recovery under U.S. law and seemingly no viable recourse in U.S. courts, whenever the exchange on which their damaged shares traded was outside the U.S. borders.

Pomerantz responded to Morrison with novel legal theories and hard-fought litigation. And it set historic precedents:

• the first time, post-Morrison, that institutional investors were permitted to pursue foreign claims seeking recovery for foreign traded securities in a U.S. court. In re BP p.l.c. Sec. Litig., MDL No. 10-MD-2185 (S.D. Tex.)

• the first time a U.S. district court certified a foreign purchaser class since Morrison. Roofer’s Pension Fund v. Papa, et al. No. 16-2805 (D.N.J.)

• persuading a U.S. district court to exercise supplemental jurisdiction over Israeli law claims. In re Teva Securities Litigation, No. 3:17-cv-558 (D. Conn.); Costas, et al. v. Ormat Technologies, Inc., et al., No. 3:18-cv-000271 (D. Nev.)

When pursuing litigation in foreign courts is the most efficient solution for global clients, Pomerantz partners with European law firms and litigation funders. 

With offices in the United States, London, United Kingdom, Paris, France, and Tel Aviv, Israel, as well as a global network of affiliates, Pomerantz is poised to expertly serve its investor clients, wherever they are situated.