Tel: +1 212-661-1100
Number of partners: 10
Practice Areas: Antitrust Litigation Corporate Governance Securities Litigation
Office Locations: New York • Chicago • Los Angeles • Paris
Pomerantz LLP is the oldest securities litigation firm in the United States and one of the most respected. The firm was founded in 1936 by legal pioneer and “dean” of the plaintiffs’ securities bar, Abraham L. Pomerantz, who helped secure the rights of investors to bring class and derivative actions.
Pomerantz protects and vindicates shareholder rights through its securities litigation services and proprietary PomTrack® portfolio monitoring program. The firm’s global clients include more than 100 of the largest and most influential pension funds, asset managers and private institutions, with combined assets of over $5 trillion. Pomerantz’s practice also includes corporate governance, antitrust and consumer litigation.
Over the years, Pomerantz has accomplished important wins for plaintiffs against Fortune 500 companies whose counsel are some of the most powerful global defense firms.
The firm is regularly appointed sole lead counsel in complex securities class actions, representing entire classes of defrauded shareholders. Among others, Pomerantz is currently Lead Counsel in cases against:
- Barclays plc for allegations that while it claimed to monitor its “dark pool” to eliminate “toxic” trading, it actively encouraged predatory traders to enter it;
- Fiat Chrysler for misrepresentations regarding the company’s business practices that caused at least 3.1 million Chrysler cars and trucks to be unsafe to drive;
- Brazilian mining company, Samarco Mineração S.A., arising from misstatements regarding the operation of its tailings dam, which caused catastrophic flooding when it burst, decimating an indigenous village and contaminating the water supply of 200 towns; and
- LIBOR on behalf of all U.S. lending institutions, arising out of a rate-fixing scandal which impacted trillions of dollars in investments.
The Pomerantz Team:
Pomerantz and its attorneys consistently earn the trust of clients, the respect of both adversaries and peers and praise from the courts.
Jeremy A. Lieberman, Pomerantz’s Managing Partner who led Pomerantz’s litigation against Brazilian oil giant, Petrobras, was named a 2018 Titan of the Plaintiffs’ Bar by Law360. He was honored as a Super Lawyers® “Top-Rated Securities Litigation Attorney” in 2016, 2017 and 2018. The Legal 500, in naming Pomerantz a Leading Firm for 2016 and 2017, wrote that “Jeremy Lieberman is super impressive – a formidable adversary for any defense firm.”
In 2018 Jennifer Pafiti, Partner and Head of Investor Relations, was named to Benchmark Litigation’s 2018 40 & Under Hot List and recognized as a Lawyer of Distinction. In 2017 she was named a Super Lawyers® Rising Star and one of the Top Women Attorneys in Southern California. In 2016, the Daily Journal selected her for its Top 40 Under 40 list of the best young attorneys in California.
In early 2018, Pomerantz, as sole lead counsel, achieved a landmark $3 billion settlement for investors in the securities class action against Petróleo Brasileiro S.A. – Petrobras. The allegations arose from a decades-long, multi-billion corruption scheme—a scandal that ensnared not only Petrobras’ former executives, but also Brazilian politicians, including former and current living Brazilian presidents and at least one third of the Brazilian Congress. This historic settlement represents:
- the largest securities class action settlement in a decade;
- the largest settlement ever in a securities class action involving a foreign issuer;
- the fifth-largest class action settlement ever achieved in the United States;
- the largest class action settlement ever achieved by a foreign lead plaintiff; and
- the largest class action settlement ever not involving a restatement of financial reports.
Throughout the Petrobras litigation, Pomerantz achieved important precedents at the Second Circuit Court of Appeals that will form the bedrock of class action jurisprudence and help protect investors for decades to come.
Partner, Jennifer Pafiti, dually qualified to practice in the U.S. and the United Kingdom, regularly travels the globe to advise clients on how best to evaluate losses to their investment portfolios attributable to financial fraud or other misconduct and how best to maximize their potential recoveries. The firm’s Paris office is headed by French lawyer, Nicolas Tatin, Pomerantz’s Director-Business Development Consultant for France,
Benelux, Monaco and Switzerland. In addition to the firm’s in-house teams in the U.S. and Paris, Pomerantz utilizes an extensive network of prominent law firms across the globe. Pomerantz attorneys are collectively fluent in English, Arabic, Mandarin-Chinese, Farsi, French, Hebrew, Italian, Portuguese, Romanian, Spanish and Taiwanese.
Judge Jed S. Rakoff of the United States District Court for the Southern District of New York stated at the February 2018 hearing for preliminary approval of the $3 billion settlement achieved by Pomerantz in In re Petrobras Securities Litigation:
...the lawyers in this case [are] some of the best lawyers in the United States, if not in the world.
In approving the Petrobras settlement in June 2018, Judge Rakoff wrote:
[T]he Court finds that Class Counsel’s performance was in many respects exceptional, with the result that, as noted, the class is
poised to enjoy a substantially larger per share recovery [65%] than the recovery enjoyed by numerous large and sophisticated
plaintiffs who separately settled their claims.
In approving the settlement in Thorpe v. Walter Investment Management Corp. in October 2016, Judge Ursula Ungaro wrote:
Class Counsel has developed a reputation for zealous advocacy in securities class actions. ... The settlement amount of $24 million is
an outstanding result.
Last updated october 2018