A plaintiff shop with offices in New York, Chicago and Los Angeles, covering both coasts as well as the heartland, Pomerantz is known for its prodigious capacity for cases and its tenacity to keep pursuing them. Historically known for its concentration in the securities class actions area, the firm has been, according to peers, “pursuing cases that go beyond your typical plain-vanilla work.” One contemporary specifies, “Not to denigrate firms that bring the standard 10b-5 and stock-drop cases of merit, but I feel like Pomerantz is chasing some work with more meaningful angles right now.” Another peer testifies, “I’ve seen a fair bit of them over the past year, and I would say as far as plaintiff shops go, they are in the ‘A’ tier.”
In one example of a case with extraordinary ramifications, Emma Gilmore, along with
Jeremy Lieberman, secured final court approval in August 2023 of a $74 million settlement on behalf of the investor class in this securities class action that arose from the deadliest UK fire in more than a century, the Grenfell Tower fire in London, which killed 72 people in June 2017. Plaintiffs alleged that the stock price of the tower’s developer, Arconic, was artificially inflated by misstatements by the company regarding the safety of the insulation panels that were later implicated in the fire. In another, the same duo Same duo secured final approval of a $26.25 million settlement for defrauded investors in this securities class action brought against Deutsche Bank for its misstatements about the efficiency of its anti-money laundering and Know-Your-Customer controls. The complaint alleged that, contrary to its public statements about the robustness of its controls, Deutsche Bank failed to flag transactions made on behalf of its high-risk, high-net-worth customers, including convicted sex offender Jeffrey Epstein. In yet another, Murielle Steven Walsh is lead counsel in a securities fraud class action against Wynn Resorts, which stems from the alleged decades-long pattern of sexual abuse and harassment perpetrated by the company’s founder and former CEO, Steve Wynn. The complaint alleges that Wynn and its executives misled investors when they denied allegations by Wynn’s ex-wife that he had engaged in serious misconduct against a company employee. Years later, when the Wall Street Journal published a detailed account of numerous former employees’ complaints of sexual abuse by Wynn, the company’s stock price plummeted, and yet the company continued to deny that any wrongdoing had occurred and that the allegations had been fabricated by Wynn’s ex-wife.
