On October 12, 2021, Justice Andrew Borrok of the Supreme Court of the State of New York appointed Pomerantz LLP as Lead Counsel on behalf of the class in Lorenzo, Michael James vs. BlueCity Holdings Limited, No. 652894/2021 (N.Y. Sup Ct.), a securities action brought on behalf of defrauded investors concerning alleged misstatements and misrepresentations made by BlueCity Holdings Limited in the Offering Documents for its July 2020 IPO. BlueCity is an online platform for the LGBTQ community, operating primarily in China, India, Korea, Thailand and Vietnam.
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Included here for publication are documents related to Cutler v. State Street. Notice of Pendency of Shareholder Derivative Action, Proposed Settlement, and Settlement Hearing in Cutler v. State Street, C.A. No. SUCV2017- 2359-BLS1 – see PDF. Order Preliminarily Approving Derivative Settlement and Providing for Notice in Cutler v. State Street, C.A. No. SUCV2017- 2359-BLS1 – see PDF. Memorandum of Law in Support of Plaintiffs' Unopposed Motion for Preliminary Approval of…
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On September 15, 2021, U.S. District Judge Anthony J. Battaglia of the Southern District of California appointed Pomerantz LLP as Lead Counsel on behalf of Gergely Csaba, the Lead Plaintiff in Ali v. Franklin Wireless Corp., 21-cv-687 (S.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations related to the safety and commercial sustainability of Franklin Wireless Corp.’s Jetpack Hotspot mobile device. Franklin Wireless is a provider of hardware and software products that support wireless connectivity for home, business…
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On September 16, 2021, U.S. District Judge Annemarie Carney Axon of the Northern District of Alabama (Eastern Division) appointed Pomerantz LLP as Co-Lead Counsel on behalf of the Lead Plaintiffs in Phillips v. Churchill Capital Corporation, 21-cv-539 (N.D. Ala.), a securities action brought on behalf of a class of defrauded investors concerning allegations related to statements made regarding the volume of automobiles to be produced following the merger of Churchill Capital Corporation IV and Lucid Motors, Inc. Churchill is a blank check company, also known as a special purpose acquisition…
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On September 13, 2021, U.S. District Judge Gary Feinerman of the Northern District of Illinois (Eastern Division) appointed Pomerantz LLP as Lead Counsel for the Class on behalf of Marko Busic, the Lead Plaintiff in Busic v. Orphazyme A/S et al., 21-cv-3640 (N.D. Ill.), a securities action brought on behalf of a class of defrauded investors concerning allegations related to the efficacy and commercial prospects for Orphazyme A/S’s lead drug candidate arimoclomol. Orphazyme is a biopharmaceutical company that develops therapies for the treatment of neurodegenerative orphan diseases.
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Corporate Counsel magazine honored Jennifer Pafiti, Pomerantz’s Partner and Head of Client Services, with an award for Collaborative Leadership in their 2021 Women, Influence & Power in Law Awards. The awards recognize attorneys — general counsel, in-house leaders and law firm partners — who have “demonstrated a commitment to advancing the empowerment of women in law.” Dedicated to honoring women who champion other women and promote diversity in the legal industry, the WIPL award winners are…
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On August 27, 2021, U.S. District Judge Renée Marie Bumb of the District of New Jersey (Camden Vicinage) appointed Pomerantz LLP as Co-Lead Counsel on behalf of the Aurora Investor Group, the Lead Plaintiffs in Lawless v. Aurora Cannabis Inc., 20-cv-13819 (D.N.J.), a securities action brought on behalf of a class of defrauded investors concerning allegations related to Aurora Cannabis, Inc.’s “business transformation plan” to address issues with previous acquisitions and degradation of assets, including production facilities and inventory.
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On August 20, 2021, U.S. District Judge John A. Kronstadt of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Anthony Sanchez and Thomas Tossavainen, the Co-Lead Plaintiffs in Anthony Sanchez v. Decision Diagnostics Corp., et al. 21-cv-418 (C.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations related to Decision Diagnostics Corp.’s claims that they developed a finger-prick blood test that could detect COVID-19 in one minute.
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Lawdragon has named 14 Pomerantz attorneys to their list of the top 500 Leading Plaintiff Financial Lawyers in America for 2021. According to Lawdragon, these lawyers are “the best in the nation – many would say the world – at representing plaintiffs in securities and other business litigation, antitrust, whistleblower claims and increasingly complex financial litigation and data privacy invasions.” Founded in 1936 by Abe Pomerantz, the legendary “dean of the plaintiffs’ bar,” Pomerantz is the oldest law firm in the world…
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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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