Pomerantz Appointed Lead Counsel in 1Globe Capital Securities Litigation

On October 19, 2022, U.S. District Judge Nathanial M. Gorton of the District of Massachusetts appointed Pomerantz LLP as Lead Counsel on behalf of MW Gestion – the Lead Plaintiff, and the class, in In re 1Globe Capital LLC Sec. Lig., 22-cv-11315 (D. Mass.). This securities class action alleges that 1Globe Capital LLC misled the market in connection with their battle for control of Sinovac Biotech Ltd. 1Globe is a family investment office, owned and controlled by Defendant Jiaqiang Li, that focuses on investment in public and private companies in the healthcare and high-tech sectors. Sinovac is a biopharmaceutical company that focuses on researching, developing, manufacturing…