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 says, “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.”
In perhaps the most high-profile example of cases with these “more meaningful angles,” New York’s
Emma Gilmore logged a substantial, newsworthy and – for her – personally satisfying win in May 2022 when the Southern District of New York denied in large part the defendants’ motion to dismiss all claims for securities fraud in a class action against Deutsche Bank in which Pomerantz is sole lead counsel. The complaint alleges that between 2018 and 2020, the bank made materially false and misleading statements about its anti-money-laundering deficiencies and did not properly monitor or gave exemptions to customers it considered high risk – such as financier and accused sex offender Jeffrey Epstein – as well as oligarchs and/or alleged terrorists. To quote a peer, they were, “highly unsavory figures that were kept on as clients because they generated millions in revenue.” Gilmore’s efforts in this matter have drawn admiration from several members of her peer group.
In another example of this, New York’s Murielle Steven Walsh represents plaintiffs alleging that managers and executives of Wynn Resorts failed to act on numerous complaints from female employees that they were sexually harassed or assaulted by then-CEO Steve Wynn. In March 2023, the plaintiffs’ motion for class certification was granted.
Chicago’s Joshua Silverman represented a class of plaintiffs against Chicago Bridge & Iron, alleging that the company hid deterioration in its two largest projects for construction of nuclear reactors in the United States, leading to hundreds of millions of dollars of investor losses. Silverman and his team, as counsel for two of three lead plaintiffs, achieved a $44 million settlement in a securities class action.
