Pomerantz Wins 11th Circuit Reversal in National Beverage Corp.

On May 4, 2020, the 11th Circuit reversed, in part, the district court’s decision in dismissing the Complaint in Luzcak v. National Beverage. The Complaint asserts claims under Sections 10(b) and 20(a) of the Exchange Act charging that Defendants engaged in fraud by misrepresenting alleged “proprietary” metrics “that were key performance indicators” and created National Beverage’s growth…

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Pomerantz LLP Appointed Lead Counsel in Qudian Inc. Securities Litigation

On April 7, 2020, Pomerantz was appointed lead counsel in an action against Qudian Inc., concerning materially false and misleading statements regarding its response to regulatory developments in China that threatened to negatively impact Qudian’s full year 2019 financial results, when in reality Qudian’s business was unprepared to mitigate the risks associated with these changes.

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