On April 19, 2021, U.S. District Judge Kiyo A. Matsumoto of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiffs Yasser Abed and Evay Avbenake in Cushman v. Fortress Biotech, Inc., 20-cv-5767 (E.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Fortress Biotech, Inc. failed to disclose that IV Tramadol…
Read MoreOn April 8, 2021, U.S. District Judge David O. Carter of the Central District of California (Western Division) appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiffs Betty Kalmanson, Lawrence Kalmanson and Shawn Kalmanson in In re GoodRx Holdings, Inc. Securities Litigation, 2:20-cv-11444-DOC-PD (C.D.Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations that GoodRx Holdings…
Read MoreOn March 17, 2021, U.S. Magistrate Judge Roanne L. Mann of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Lawrence Kelemen in In re Northern Dynasty Minerals Ltd. Sec. Litig., 20-cv-5917 (E.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Northern Dynasty Minerals, Inc. misled investors regarding the compliance…
Read MoreOn March 12, 2021, in Klein v. Altria Group, Inc. et al (3:20-cv-00075-DJNVAED), U.S. District Judge David J. Novak in the Eastern District of Virginia denied Altria Group, Inc.’s (“Altria”) and JUUL Labs, Inc’s (“JUUL”) motions to dismiss the plaintiffs’ complaint. The complaint alleges Exchange Act violations against JUUL, Altria and certain officers of each arising from Altria’s investment in JUUL and the failure to disclose their marketing of highly addictive nicotine products to kids…
Read MorePomerantz Partner Emma Gilmore will be a featured speaker at the Practising Law Institute’s upcoming “Securities Litigation 2021: From Investigation to Trial” online program. Recognizing that the landscape of securities litigation is constantly evolving, PLI’s program will take participants through the process — “from the initial government investigation to the filing of the civil cases…
Read MoreOn March 11, 2021, Chief U.S. District Judge K. Michael Moore of the Southern District of Florida appointed Pomerantz LLP as Co-Lead Counsel on behalf of Lead Plaintiff Paul J. Graney in Graney v. Restaurant Brands International, Inc., 21-cv-20508 (S.D. Fla.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Restaurant Brands International misled investors…
Read MoreIn a hotly contested issue before the United States Supreme Court affecting investors’ rights to recoup damages from publicly traded companies as a result of securities fraud, Pomerantz LLP submitted the sole amicus brief on behalf of twenty-seven of the foremost U.S. scholars in the field of evidence. One of the two issues before the High Court in Goldman Sachs…
Read MoreOn March 1, 2021, Pomerantz received a very favorable decision from Judge Michael M. Baylson in Alberici v. Recro Pharma, Inc. et al, 2:18-cv-02279, a case currently pending in the Eastern District of Pennsylvania, when U.S. District Judge Michael M. Baylson issued a decision denying Defendants’ motion to dismiss the Second Amended Complaint. The Court issued a decision denying defendants’ motion to dismiss the Second Amended Complaint, holding that pled sufficient facts to support the reasonable inference…
Read MoreOn February 23, 2021, U.S. District Judge Stanley Blumenfeld, Jr. of the Central District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiff Suresh Goyal in Hershewe v. JOYY Inc. et al., 20-cv-10611 (C.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations that JOYY Inc. misled investors regarding the source of its streaming traffic and the amount of its streaming revenue.
Read MoreOn February 17, 2021, U.S. District Judge Liam O’Grady of the Eastern District of Virginia appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff James Boykin in In re K12 Inc. Securities Litigation, 20-cv-1419 (E.D. Va.), a securities action brought on behalf of a class of defrauded investors concerning allegations that K12 Inc. misled investors regarding its ability to meet the increased technological, administrative and infrastructure demands on its online…
Read MoreOn February 4, 2021, U.S. District Judge Edward M. Chen of the Northern District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiffs Hosam Alqurashi in Zosano Pharma Corporation, 20-cv-7625 (N.D. Cal.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Zosano Pharma Corporation misled investors regarding the results from…
Read MoreOn February 4, 2021, U.S. District Judge Michael M. Baylson of the Eastern District of Pennsylvania appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiffs Alexandre Pelletier, Nathan Joseph Dole, and Lane A. Wingard in Pelletier v. Endo International plc, 17-cv-5114 (E.D. Pa.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Endo International…
Read MorePomerantz is proud to announce that, out of a field of more than 10,000 contenders, Lawdragon has honored the Firm’s Managing Partner Jeremy A. Lieberman and Partner and Head of Client Services Jennifer Pafiti as two of the “500 Leading Lawyers in America” for 2021, an elite group of attorneys who “kept showing up” when they were needed and are “shaping the world we're moving into.” Jeremy Lieberman led the litigation of In re Petrobras…
Read MoreOn January 27, 2021, U.S District Judge Dale S. Fischer of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff St. Lucie County Fire District Firefighters Pension Trust Fund in In re First American Financial Corp. Securities Litigation, 20-cv-9781 (C.D. Cal.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that First American Financial Corp. failed…
Read MoreOn January 26, 2021, U.S District Judge Philip M. Halpern of the Southern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Lead Plaintiff Pratap Golla in In re Neovasc Inc. Securities Litigation, 20-cv-9313 (S.D.N.Y.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Neovasc Inc. failed to disclose that the Company had misrepresented the viability of getting approval for its Reducer medical…
Read MorePomerantz LLP is proud to announce the promotions of attorneys Jennifer Banner Sobers, Samuel J. Adams, Veronica V. Montenegro and Omar Jafri to Of Counsel. Jennifer Banner Sobers focuses her practice on securities litigation. She played an integral role on a securities class action that arose from a multi-billion-dollar kickback and bribery scheme involving Brazil’s largest oil company, Petróleo Brasileiro S.A. - Petrobras. The Firm, as sole Lead Counsel, achieved a historic $3 billion settlement on behalf of defrauded…
Read MorePomerantz Managing Partner Jeremy A. Lieberman is joining NERA Economic Consulting and other esteemed colleagues in a webinar that examines the current state of securities class actions and trends that will affect it in the future. The January 27th webinar, “The State of Securities Class Actions: 2020 Trends and a Look Ahead,”…
Read MoreOn January 12, 2021, U.S District Judge Michael W. Fitzgerald of the Central District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Lead Plaintiffs Guan Wei Mao and Jun Yu in In re Cheetah Mobile, Inc. Sec. Litig., 20-cv-5696 (C.D. Cal.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Cheetah Mobile, Inc. failed to disclose that some of the Company’s apps were not…
Read MoreOn January 6, 2021, U.S District Judge Ramon E. Reyes, Jr. of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Artur Timotheo in Hornea v. GOL Linhas Areas Inteligentes S.A., 20-cv-4243 (E.D.N.Y.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that GOL Linhas…
Read MoreOn December 28, 2020, U.S District Judge Nelson S. Roman of the Southern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiffs Sakari Johansson and John Jay Cappa in In re Loop Industries, Inc. Sec. Litig., 20-cv-8538 (S.D.N.Y.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Loop Industries…
Read More