Filtered by Tag: et al.

Pomerantz Defeats Motion to Dismiss in Wynn Resorts Sexual Misconduct Securities Litigation

On July 28, 2021, U.S. District Judge Andrew P. Gordon of the District of Nevada denied, in part, the defendants’ motions to dismiss the Second Amended Complaint in Ferris, et al. v. Wynn Resorts Ltd., et al., No. 2:18-cv-00479-APG-DJA (D. Nev.), a securities fraud class action suit arising from Wynn Resorts Limited’s concealment of a long-running pattern of alleged sexual misconduct by CEO and founder Stephen Wynn against female employees of the company.

SCOTUS Decision Endorses Pomerantz Evidence Standard

On Monday, June 21, the United States Supreme Court, in a 6-3 decision, handed down its decision in the closely watched Goldman Sachs Group Inc. et al v. Arkansas Teachers Retirement System, et al. (No. 20-222). The Supreme Court ruling on the issue of evidence was in accord with arguments presented by Pomerantz LLP, which had submitted the sole amicus brief on the hotly contested issue: whether, in order to rebut the presumption of reliance originated by the Court in the landmark Basic v. Levinson decision…