On August 5, 2021, U.S. Magistrate Judge Gregory J. Kelly of the Middle District of Florida (Orlando Division) appointed Pomerantz LLP as Lead Counsel on behalf of Robert and Mariusz Ciecko, the Lead Plaintiff in Theodore v. PureCycle Technologies, Inc. et al., 6:21-cv-809 (M.D. Fla.), a securities action brought on behalf of a class of defrauded investors concerning allegations that PureCycle Technologies, Inc. had based its “ground-breaking, patented recycling process” on unproven technology and its financial projections were baseless.
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Pomerantz is proud to announce that Partner Emma Gilmore has been named one of the Top 250 Women in Litigation for 2021 by Benchmark Litigation. To identify the “most distinguished women in the world of litigation,” Benchmark pursued a months-long research process that involved one-on-one interviews, client feedback surveys and in-depth investigations into individual litigators’ professional activities. To earn a place among the leading female litigators in the U.S., these attorneys…
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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.
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On July 29, 2021, European Pensions announced the shortlisted nominees for their 2021 awards, including nominations for Pomerantz in the Law Firm of the Year and Thought Leadership categories. The Law Firm of the Year Award recognizes the firm that “stands out in its dedication to understanding the complexities of pensions legislation and works with its clients to see them through the legal maze.” The Thought Leadership…
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Pomerantz, on behalf of our client, an individual shareholder acting as plaintiff, scored a victory in its pursuit of a books and records request against pursuant to Section 220 of the Delaware General Corporation Law. StoneMor owns and operates more than 300 cemeteries and 80 funeral homes in the United States, offering products and services including caskets, burial lots and mausoleum crypts. On December 31, 2019, the Company completed a series of reorganization transactions that effectively converted it from a Delaware limited liability company into…
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Pomerantz is proud to announce that Partners Michael Grunfeld and Austin P. Van were, for the second year in a row, named to Benchmark Litigation’s 40 & Under Hot List for 2021. The list honors the most notable, up-and-coming litigation partners in the United States, ages 40 years or younger, who have played significant roles in some of their firms’ “most noteworthy recent cases and have earned praise from clients and peers regarding the quality of their work.”
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n November 2020, Pomerantz received a ruling in a Section 220 books and records proceeding that included a startling admonition from the Delaware Court of Chancery criticizing the overly aggressive defense strategy adopted by Gilead Sciences, Inc. At the time, the Court opened the door for fee shifting in the case: “Defendants like Gilead adopt this strategy with the apparent belief that there is no real downside to doing so…”
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On July 21, 2021, U.S. District Judge Mark C. Scarsi of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Betty Jo Pheiffer, the Lead Plaintiff in Montag v. Volkswagen AG, No. 21-cv-3678 (C.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Volkswagen AG had misled investors in regard to the true nature of its rebranding as “Voltswagen” as just an April Fool’s Day joke.
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Pomerantz won a significant victory for investors in Arconic, Inc. when Chief Judge Hornak of the Western District of Pennsylvania sustained the majority of plaintiffs’ claims in a securities class action that arose from the deadliest UK fire in more than a century. Plaintiffs alleged that during the class period, Arconic’s stock price was artificially inflated by the company’s misstatements about the safety of the insulating panels that were later implicated in the Grenfell Tower fire…
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On June 22, 2021, U.S. District Judge William Alsup of the Northern District of California appointed Pomerantz LLP as Lead Counsel on behalf of the Hawaii Employees' Retirement System, the Lead Plaintiff in Mullen v. Wells Fargo & Company et al., 20-cv-7997 (N.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Wells Fargo & Company had misled investors about the strength of its commercial loan operations and failed to follow appropriate underwriting…
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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…
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On June 16, 2021, U.S. District Judge Robert J. Colville of the Western District of Pennsylvania appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Hugh Melnick in Jacobowitz v. Range Resources Corporation, No. 21-cv-301 (W.D. Pa.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Range Resources Corporation improperly reported the status of wells it owns and operates in Pennsylvania.
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On June 11, 2021, U.S. District Judge Valerie Caproni of the Southern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Brian Pavlick in Pavlick v. Repro Med Systems, Inc., 21-cv-2632 (S.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Repro Med Systems, Inc. d/b/a KORU Medical Systems (“KORU” or the “Company”) materially misled investors by failing to disclose that..
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After a vetting process that involved in-depth analysis of the Firm’s recent and current litigation actions, discussions with dozens of clients, colleagues, and judges, and interviews with Pomerantz partners, The Legal 500 ranked Pomerantz as a Tier 1 firm in recognition of its achievements as one of the top plaintiffs’ securities litigation firms in the United States. In describing their experiences with Pomerantz, testimonials from anonymous referees included: “The qualities of diligence…
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On June 2, 2021, U.S. District Judge Karen Gren Scholer of the Northern District of Texas – Dallas Division appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Mohsen Javaherneshan in Javaherneshan v. MoneyGram International, Inc., 21-cv-815 (N.D. Tex.), a securities action brought on behalf of a class of defrauded investors concerning allegations that MoneyGram International, Inc. failed to disclose risks…
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Chambers USA has ranked Pomerantz Managing Partner Jeremy A. Lieberman as one of the top plaintiffs’ lawyers in the nation and, for the second year running, has recognized Pomerantz as one of the top plaintiffs’ securities litigation firms in the nation and New York in 2021. Praising Pomerantz’s increasing visibility as “highly regarded force” and a “a prominent player” on the plaintiffs’ side of securities class actions…
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On May 20, 2021, U.S. District Judge Michael M. Baylson of the Eastern District of Pennsylvania granted class certification to investors and appointed Pomerantz LLP as Co-Lead Class Counsel in Pelletier v. Endo International plc et al, 2:17-cv-05114 (E.D. Pa.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Endo International plc inflated its revenue from generic pharmaceuticals by misrepresenting its pricing practices.
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Pomerantz is proud to announce that Of Counsel Omar Jafri and associate Daryoush Behbood have been recognized by the National Law Journal as Rising Stars of the Plaintiffs Bar in 2021. In this new category in its Elite Trial Lawyers competition, the National Law Journal honored a select group of lawyers under the age of 40 who “demonstrated repeated success in cutting-edge work on behalf of plaintiffs over the last 18 months [and] possess a solid track record of clients wins over the past three to five years.”
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Pomerantz LLP is proud to announce that partner Emma Gilmore has been recognized by the National Law Journal as an Elite Woman of the Plaintiffs’ Bar in 2021 — an award given to only 11 “women lawyers who have consistently excelled in high-stakes matters on behalf of plaintiffs over the course of their careers.” Emma is one of only two women in the field of securities litigation who were so honored this year.
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On April 28, 2021, U.S. District Judge J. Paul Oetken of the Southern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiff Nuggehalli Balmukund Nandkumar in In re AstraZeneca plc Sec. Litig., 21-cv-722 (S.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that AstraZeneca plc failed to disclose to investors that its clinical trials…
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