Pomerantz LLP

Pomerantz Wins 11th Circuit Reversal in National Beverage Corp.

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.

Pomerantz LLP Appointed Lead Counsel in Qudian Inc. Securities Litigation

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.

Pomerantz LLP Appointed Lead Counsel in Canopy Growth Corporation Securities Litigation

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..

Pomerantz LLP Appointed Lead Counsel in PG&E Corporation Securities Litigation

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.