Pomerantz Appointed Lead Counsel in HDFC Bank Securities Litigation

On December 9, 2020, U.S District Judge Eric Komitee of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Meitav Dash Provident Funds and Pension Ltd. in Arora v. HDFC Bank Limited, 20-cv-4140 (E.D.N.Y.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that HDFC Bank Limited failed to disclose that the Company had ineffective controls governing its financial reporting and lending practices in its vehicle-financing operations.