Additional Successes in the Landmark BP Litigation In October 2014, Pomerantz once again secured crucial victories in its ground-breaking litigation over BP's 2010
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Partner Matthew L. Tuccillo and Senior Counsel Marc I. Gross
LATEST NEWS AND ACCOMPLISHMENTS
On August 27, 2020, 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.
On August 26, 2020, U.S. District Judge Cathy L. Waldor of the District of New Jersey appointed Pomerantz LLP as Lead Counsel in Wu v. GSX Techedu Inc. et al , a securities litigation class action. GSX Techedu Inc. is a technology-driven education company that provides online K- 12 after-school tutoring services in China…
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. The list honors the most notable, up-and-coming litigation partners in the United States, ages 40 years or younger, who play crucial roles…
On August 18, 2020, U.S. District Judge Stephen V. Wilson of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiff Li Yunyan in the In Re DouYu International Holdings Limited Securities Litigation class action.
Pomerantz is proud to announce that Partner Emma Gilmore has been named one of the Top 250 Women in Litigation in 2020 by Benchmark Litigation. She is one of only seven plaintiffs’ lawyers in the country to earn a place on the list. Benchmark Litigation chose the honorees after an extensive, months-long research process…
On August 12, 2020, U.S. District Judge Edgardo Ramos of the Southern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Co-Lead Plaintiff Altimeo Asset Management in the Maso Capital Investments Limited v. E-House (China) Holdings Limited securities class action (20-cv-2943 (S.D.N.Y.)). E-House touts itself…
On July 28, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action suit against Hamilton Beach Brands Holding Company, concerning allegations of inaccurate financial disclosure methods, especially with respect to one of its Mexican subsidiaries, which caused accounting irregularities.
On July 9, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against iAnthus Capital Holdings, Inc., concerning allegations that the company issued contradictory statements regarding its ability to make its interest payments by use of escrowed funds, ending in a default in April 2020.
This week, Law360 named Pomerantz attorney Jennifer Banner as one of the top attorneys in the United States under 40 years of age. A team of editors a Law360 carefully reviewed more than 1,300 nominations in order to find those attorneys whose “legal accomplishments transcend their age.” This year, Jennifer has also been recognized by the New York Law Journal as one of the New York Metro area’s most promising lawyers, ages 40 and younger, with their Rising Stars award.
Throughout his five decades as an attorney, Mr. Grossman has enjoyed a distinguished legal career as a tireless defender of shareholder rights and a champion for injured investors. He has been praised by the courts and recognized as a leader of the plaintiffs’ securities bar as he litigated landmark cases across the nation and before the United States Supreme Court, shaping the law.
As Managing Partner of Pomerantz LLP, Jeremy oversees the entire firm and all of its practices –securities fraud, derivative, consumer, and antitrust litigation. Under his leadership, Pomerantz has expanded its reach from national to global; exponentially increased its worldwide client base of influential institutional investors; and achieved a historic $3 billion settlement for defrauded Petrobras investors as well as other record-breaking settlements.
Every year, in a highly competitive race, the New York Law Journal recognizes the most promising New York Metro area lawyers, ages 40 and younger, with their Rising Stars award. With the announcement of the 2020 winners, Pomerantz attorney Jennifer Banner Sobers joins a field of exceptional partners as the only associate to receive this honor this year.
On June 22, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against PharmaCielo Ltd. concerning allegations that the company engaged in misleading transactions and loans with its multi-distributor, and concealed numerous businesses inefficiencies, contamination in some facilities, and outright interoperability.
On June 16,2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against Funko, Inc., concerning allegations that the company concealed its lower than average sales volume and was likely to incur a writedown of its inventory.
After an in-depth vetting process that involved discussions with more than three dozen clients, colleagues, and judges, The Legal 500 ranked Pomerantz as one of the top plaintiffs’ securities litigation firms in the United States. Describing their experiences with Pomerantz, the interviewees said: “They are clearly the future of securities litigation practice in New York.”
In an exciting victory for aggrieved Acadia investors, on June 1, 2020, Judge Anthony J. Battaglia of the United States District Court in the Southern District of California, issued an order in In Re Acadia Pharmaceuticals Inc. Securities Litigation granting in part and denying in part Defendants’ motion to dismiss. Tamar A. Weinrib, the Pomerantz partner leading the litigation, said, “we are gratified by Judge Battaglia’s decision as it marks a significant achievement for investors seeking to recover losses due to defendants’ fraud.”
On June 3, 2020, Pomerantz LLP was appointed Lead Counsel in an action against 2U, Inc., concerning false positive statements the company made that failed to disclose the increasing competition the company faced in online education, program-specific setbacks, and the collapse of the sustainability of its business model, while it continually vacillated on its revenue guidance.
Pomerantz was appointed Lead Counsel in a securities litigation class action lawsuit against Sprint Corporation, concerning allegations that Sprint made deceptive statements to shareholders highlighting 309,000 postpaid net additions, when factually the additions were not new customers, but other, less valuable additions.
On May 13, 2020, Pomerantz was appointed Lead Counsel in a class action flied against X Financial, concerning allegations of false or misleading statements by X Financial in its SEC registration statement as to the “continued growth” of its investor base, which rendered the statement inaccurate or misleading.
On May 4, 2020, the 11th Circuit reversed, in part, the district court’s decision in dismissing the Complaint in Luzcak v. National Beverage. The Complaint asserts claims under Sections 10(b) and 20(a) of the Exchange Act charging that Defendants engaged in fraud by misrepresenting alleged “proprietary” metrics “that were key performance indicators” and created National Beverage’s growth.
Chambers and Partners has recognized Pomerantz LLP as one of the top plaintiffs’ securities litigation firms in the nation and in New York in 2020. Praising Pomerantz as “a prominent player on the plaintiffs' side,” Chambers credits the Firm for being a “highly regarded force [… ] known for taking on major corporate issuers.”
On April 22, 2020, Judge William F. Kuntz II in the U.S. District Court in the Eastern District of New York denied Blue Apron’s motion to dismiss our action in its entirety. In Re Blue Apron Holdings, Inc. Securities Litigation, alleges claims against Blue Apron, a subscription-based meal preparation service that went public in 2017.
On April 7, 2020, Pomerantz was appointed lead counsel in an action against Qudian Inc., concerning materially false and misleading statements regarding its response to regulatory developments in China that threatened to negatively impact Qudian’s full year 2019 financial results, when in reality Qudian’s business was unprepared to mitigate the risks associated with these changes.
On April 6, 2020, Pomerantz succeeded in both defeating the Defendants’ motion to dismiss the third amended complaint against Mylan Pharmaceuticals and in getting the class certified by Judge Oetken in the Southern District of New York.
On April 7, 2020, Pomerantz LLP was appointed Lead Counsel in a class action lawsuit against Domo, Inc., brought on by concerns that Domo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 23, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against Forescout Technologies, Inc.
On February 12, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against Twitter, Inc, regarding its misrepresentation of “fixes” to user choice settings, which adversely affected its ability to deliver monetized advertisements.
On February 11, 2020, Pomerantz LLP was appointed Lead Counsel in a class action lawsuit against Canopy Growth Corporation, alleging that the Company issued false and/or misleading statements that exaggerated or overestimated the potential market for its legal recreational marijuana products in Canadian retail stores and consequently misrepresented its inventory, to its financial detriment..
On February 3, 2020, Pomerantz LLP was appointed Lead Counsel in a securities litigation class action lawsuit against PG&E Corporation, alleging that PG&E’s new, “enhanced” wildfire prevention and safety protocols were misrepresented as adequate, and that the Company was therefore unprepared for the rolling power cuts and their consequences, implemented in California in 2019.
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.