On November 25, 2020, Pomerantz scored a victory for injured Zynerba Pharmaceuticals, Inc. (“Zynerba”) shareholders when Judge Nitza I. Quiñones Alejandro of the United States District Court in the Eastern District of Pennsylvania, issued an order in Whiteley v. Zynerba Pharmaceuticals, Inc. et al (2:19-cv-04959-NIQA) denying in the defendants’ motion to dismiss the class action complaint. The complaint alleges that the defendants issued misleading statements touting Zygel and the BELIEVE I Trial, and representing Zygel as addressing safety issues with current treatment options…
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On November 19, 2020, U.S District Judge Michael H. Simon of the District of Oregon appointed Pomerantz LLP as Lead Counsel in In re LexinFintech Holdings Ltd. Sec. Litig, 20-cv-1562 (D. Or.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that LexinFintech Holdings Ltd.’s failed to maintain consistent operational and compliance policies during the COVID-19 pandemic, rendering the offering documents for its initial public offering invalid.
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On November 12, 2020, U.S District Judge Richard Seeborg of the Northern District of California appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Fadel Sakkal in Grobler v. Anaplan Inc. et al, 20-cv-05959-RS (N.D. Cal.), a securities litigation being pursued on behalf of a class of defrauded investors regarding allegations that Anaplan, Inc. failed to disclose material adverse information about the performance of its sales organization.
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Pomerantz LLP won a major victory for investors when the Ninth Circuit Court of Appeals reversed, in part, the district court’s dismissal of a securities fraud class action against BofI Holding, Inc., now known as Axos Financial Inc., on loss causation grounds. BofI, short for Bank of Internet, operated as the holding company for BofI Federal Bank, now known as Axos Bank. Pomerantz is lead counsel in this litigation, in which it is alleged that BofI misled investors by misrepresenting and omitting material information in their public statements…
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For more information about this case, please click here to read the complaint.
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On October 29, 2020, U.S District Judge James V. Selna of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Daniel Mangas in Alwazzan v. STAAR Surgical Company, 20-cv-1533 (C.D. Cal.), a securities litigation being pursued on behalf of a class of defrauded investors…
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On October 27, 2020, U.S District Judge Lynn N. Hughes of the Southern District of Texas appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Ronny Alexander in Uddin v. Conn's Inc., 20-cv-1705 (S.D. Tex.), a securities litigation being pursued on behalf of a class of defrauded investors…
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On October 13, 2020, U.S District Judge Otis D. Wright, II of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Yun F. Yee in Mendoza v. HF Foods Group Inc., 20-cv-2929 (C.D. cal.), a securities litigation being pursued on behalf of a class of defrauded investors…
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Pomerantz LLP achieved a significant victory on behalf of consumers in a case brought by iPhone 4s owners who downloaded Apple’s iOS 9 operating system onto their devices. On October 7, 2020, Judge Sterling Johnson, Jr. of the United States District Court for the Eastern District of New York granted Plaintiffs’ motion for class certification in Lerman v. Apple Inc.
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Pomerantz Partner Austin P. Van has been honored by Law360 as an MVP in Securities Litigation for 2020, an award granted to only six attorneys who have “distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.”
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Benchmark Litigation has recognized Pomerantz LLP as one of the top plaintiffs’ securities litigation firms in the U.S. for 2021, and honored individual Pomerantz partners as litigation stars.
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Pomerantz is proud to announce that Partners Emma Gilmore and Murielle Steven Walsh were named to the New York Law Journal’s annual list of Trailblazers for 2020. The list honors “a handful” of New York lawyers who are “truly agents of change.”
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On September 29, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against Endo International plc, regarding allegations that the company concealed its known adverse contribution to the U.S. opioid crisis, particularly the company’s products’ disproportionate impact on New York State, and lied to health care providers about the known risks of opioids.
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On September 24, 2020, U.S District Judge Consuelo B. Marshall of the Central District of California appointed Pomerantz LLP as Co-Lead Counsel in Chris Hashem, et al. v. NMC Health plc, et al., a securities litigation being pursued on behalf of a class of defrauded investors regarding allegations of misstatements related to NMC’s financial stability and controls.
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On September 16, 2020, U.S District Judge Paul A. Engelmayer of the Southern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of our client, Lead Plaintiff Edward Dahlke, in In re Hebron Technology Co. Ltd. Securities Litigation, a class action concerning allegations of Hebron’s failure to disclose related parties in several of its recent acquisitions.
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On September 7, 2020, Pomerantz LLP was appointed Lead Counsel in a class action against Jumei International Holding Ltd. concerning allegations of unfairness and inadequate consideration to stockholders at the time of Jumei’s merger-buyout.
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On August 25, 2020, Lawdragon honored 15 Pomerantz attorneys as members of their list of the top 500 Leading Plaintiff Financial Lawyers in America for 2020. Lawdragon says “the heart and soul of this list takes on the plight of plaintiffs who often can’t afford to go to court for the wrong they’ve been done,” and the Firm is proud to be part of that fight.
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Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against GSX Techedu, Inc. concerning allegations that GSX artificially inflated its value by, among other things, overstating its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process at the time of its IPO, damaging its financial sustainability.
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U.S. District Judge Margo K. Brodie of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel in Lematta v. Casper Sleep, Inc. et al. This securities litigation class action concerns allegations that Casper Sleep, Inc. failed to disclose adverse facts that existed at the time of its IPO.
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Pomerantz is proud to announce that Partners Michael Grunfeld and Austin P. Van were named to Benchmark Litigation’s 40 & Under Hot List for 2020.
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