On December 15, 2021, U.S. District Judge Lynn Adelman of the Eastern District of Wisconsin appointed Pomerantz LLP as Lead Counsel on behalf of Carey Don Procter, the Lead Plaintiffs in In re Generac Holdings Inc. Sec. Litig., 21-cv-1342 (E.D. Wis.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Generac Holdings Inc. had made false and misleading statements regarding product safety, product recalls, and the impact that these issues would have on revenue. Generac designs and manufactures a wide range of energy technology solutions, which provides…
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On November 18, 2021, U.S. District Judge Steven P. Logan of the District of Arizona appointed Pomerantz LLP as Co-Lead Counsel on behalf of Vincent Chau, Stanley Karcynski, and George Mersho, the Lead Plaintiffs in Borteanu v. Nikola Corporation, 20-cv-1797 (D. Ariz.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Nikola Corporation had made false and misleading statements regarding its business operations, financial growth prospects and the viability of its fuel cell technology. Nikola manufactures commercial electric vehicles and energy solutions, providing battery…
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On November 18, 2021, U.S. District Judge Edmond E. Chang of the Northern District of Illinois appointed Pomerantz LLP as Lead Counsel on behalf of Phoenix Insurance Company Ltd. and The Phoenix Pension & Provident Funds, Lead Plaintiffs in Burbige v. ATI Physical Therapy, Inc., 21-cv-4349 (N.D. Ill.), a securities action brought on behalf of a class of defrauded investors concerning allegations that ATI Physical Therapy, Inc. had made false and misleading statements regarding its business operations and financial performance. ATI is an outpatient physical therapy company.
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On November 17, 2021, U.S. District Judge Michael A. Shipp of the District of New Jersey appointed Pomerantz LLP as Lead Counsel on behalf of George L. Jordan, Jr., Lead Plaintiff in Paxton v. Provention Bio, Inc., 21-cv-11613 (D.N.J.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Provention Bio, Inc. had made false and misleading statements regarding the sufficiency of testing data and approval prospects for its lead product candidate for the treatment of type one diabetes Provention is a clinical stage biopharmaceutical company that develops and…
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On November 17, 2021, U.S. District Judge John C. Hinderaker of the District of Arizona appointed Pomerantz LLP as Lead Counsel on behalf of the State Teachers Retirement System of Ohio, Lead Plaintiff in Bajjuri v. Raytheon Technologies Corporation, 20-cv-00468 (D. Ariz.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Raytheon Technologies Corporation had made false and misleading statements regarding the effectiveness of Raytheon’s internal controls over financial reporting and disclosure controls and procedures, as well as a number of relevant financial metrics. Raytheon purports to be…
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On November 8, 2021, U.S. District Judge Paul A. Engelmayer of the Southern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Peifa Xu and Yongjun Li, Lead Plaintiffs in Crass v. Yalla Group Limited, 21-cv-6854 (S.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Yalla Group Limited had made false and misleading statements and omitted material facts which concealed that the Company’s user metrics, reported revenues and cash balances were substantially lower than publicly represented. Yalla is a voice-centric social networking and entertainment platform…
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Benchmark Litigation, in their rankings for 2022, has again recognized Pomerantz LLP as one of the top plaintiffs’ securities litigation firms in the United States and has honored individual Pomerantz partners as litigation stars. Benchmark praised Pomerantz’s “prodigious capacity for cases and its tenacity to keep pursuing them,” citing the “eye-popping $3 billion settlement” with Petrobras, the Brazilian energy giant, that was achieved by the Firm as sole lead counsel for the class, along with lead plaintiff…
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On November 3, 2021, U.S. District Judge Margo K. Brodie of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Richard Sun, Lead Plaintiff in Patel v. Koninklijke Philips N.V., 21-cv-4606 (E.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Koninklijke Philips N.V. had deficient manufacturing controls and procedures that subjected it to product recalls, diminished revenue and potential legal action. Philips operates as a health technology company in North America, Greater China…
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On November 2, 2021, U.S. District Judge Charles R. Breyer of the Northern District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Huei-Ting Kang, Co-Lead Plaintiff in Kang v. Paypal Holdings, Inc., 21-cv-6468 (N.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations that PayPal Holdings, Inc. failed to disclose deficiencies in its PayPal Credit debit and credit card services and the resulting non-compliance of these programs with applicable laws and regulations. PayPal operates as a technology platform and digital payments company…
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Pomerantz is proud to announce that Managing Partner Jeremy A. Lieberman has been honored as a Top 100 New York Metro Super Lawyer, leading the Firm’s 24 attorneys recognized for their excellence by Super Lawyers® this year. Super Lawyers® – a division of Thomson Reuters – rates outstanding lawyers through a selection process that includes independent research, peer nominations and peer evaluations, recognizing attorneys who have attained a high-degree of peer recognition and professional achievement. Founded in 1936, Pomerantz, the oldest law firm in the world dedicated to…
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On October 12, 2021, U.S. District Judge Julien Xavier Neals of the District of New Jersey appointed Pomerantz LLP as Co-Lead Counsel on behalf of John V. Levon, the Lead Plaintiff in In re CorMedix Inc. Securities Litigation, 20-cv-13819 (D.N.J.), a securities action brought on behalf of a class of defrauded investors concerning alleged material misrepresentations related CorMedix Inc.’s manufacturing process of its lead product candidate for the treatment of catheter-related bloodstream infections (“CRBSIs”). CorMedix is a biopharmaceutical company that focuses on developing and commercializing therapeutic…
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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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