Head Office Address:
600 Third Avenue
New York, NY 10016
United States

Telephone:+1 212 661 1100
Fax:+1 917 463 1044

History: Pomerantz is the oldest law firm in the world dedicated to championing investor rights. Founded in 1936 by Abraham Pomerantz, the Firm’s work during the Great Depression to hold corporations accountable helped secure the rights of investors to bring class actions and derivative suits. Today the Firm’s global clients include more than 100 of the most influential public pension funds, asset managers, and private institutions. Honoring its founder’s legacy, the Firm continues to fight for defrauded shareholders while expanding the rights of global investors and championing transparent markets and good corporate governance.

Securities Litigation:
Over the past eight decades the Firm has recovered billions of dollars for defrauded investors, with many settlements achieving new records. Notable matters include:

  • A $3 billion settlement in litigation against Brazil’s state-run oil company Petrobras, involving an alleged decades-long corruption scheme that ensnared multiple former Brazilian presidents, among many others. The recovery stands as the fifth-largest securities class action settlement ever achieved in the United States (In re Petrobras Securities Litigation).
  • A $225 million recovery for the Class in a suit against Comverse Technology, Inc., the second-largest recovery involving the backdating of stock options (In re Comverse Technology, Inc. Securities Litigation).
  • A $110 million settlement with Fiat Chrysler Automobiles N.V. that opened new avenues for discovery in securities litigation (Pirnik v. Fiat Chrysler Automobiles N.V., et al.).
  • A $74 million settlement for investors in Arconic, whose insulation panels were implicated in the June 2017 fire at Grenfell Tower in London (Howard v. Arconic et al.).

A Tradition of Innovation:
Pomerantz is a recognized leader in developing novel legal theories to address the evolving juridical, social, and corporate landscape. For example, the U.S. Supreme Court’s ruling in Morrison v. National Australia Bank, Ltd (2010) barred investors in foreign securities from using U.S. courts to seek recovery. In the years since, Pomerantz has worked to win back these rights on behalf of investors. In a series of individual cases arising out of the 2010 BP Gulf of Mexico oil spill, Pomerantz convinced the court to allow, for the very first time post-Morrison, both U.S. and foreign investors seeking recovery for losses in a foreign company’s foreign-traded securities to do so in a U.S. court. In a securities class action against the global pharmaceutical company Perrigo Co., the Firm’s ground-breaking legal arguments led the U.S. court, for the first time since the Morrison decision, to certify a foreign purchaser class. Both decisions have significant precedential value, expanding the options available for domestic and foreign investors seeking recovery in cases of securities fraud.

Portfolio Monitoring:
PomTrack®, the Firm’s proprietary portfolio monitoring system, tracks and evaluates suspicious market activity, as well as securities and antitrust class actions and settlements, covering both domestic and international events. This system empowers investment plan fiduciaries to fulfill their duty to preserve investments by quickly identifying fund losses that may have been caused by financial misconduct. Comprising attorneys, forensic economists, damages analysts, paralegals, and support staff, the PomTrack® team monitors assets valued at over $9 trillion, making it one of the largest systems of its kind in the U.S. 

Pomerantz partners are pioneering securities litigation as a means to address 21st century ESG concerns. The Firm achieved a settlement with Deutsche Bank AG that recoups nearly 50% of estimated damages for investors in a case alleging that the bank failed to adhere to its own due diligence policies for certain high-worth clients, including convicted sex offender Jeffrey Epstein. Pomerantz also recently won class certification in its case against Wynn Resorts Ltd., which alleges that former CEO Steve Wynn engaged in egregious sexual misconduct against the company’s female employees, while the company and its directors simultaneously covered up his behavior, assuring investors of the company’s commitment to high ethical standards. 

Corporate Governance:
In addition to addressing corporate governance via securities litigation, the Firm’s Corporate Governance Practice Group has achieved significant corporate governance reform at numerous major corporations through shareholder derivative lawsuits. Areas of interest include workers’ health and safety, environmental compliance, pay and gender equity, excess executive compensation, and addressing corporate transactions that result in an unfair price for shareholders. 

Pomerantz partners frequently speak on corporate governance at conferences around the world, and the Firm regularly hosts Corporate Governance Roundtables for institutional investors. The Firm also publishes The Pomerantz Monitor, a bi-monthly journal of attorney-authored articles on securities litigation, corporate governance, and related regulatory and government policies. 

Updated Sep 2023