Ms Jennifer Pafiti > Pomerantz LLP > Los Angeles, United States > Lawyer Profile

Pomerantz LLP
1100 Glendon Avenue, 15th Floor
Los Angeles, CA 90024
CALIFORNIA
United States
Jennifer Pafiti photo

Work Department

Securities Litigation and Investor Services

Position

Partner, Head of Client Services

Career

Jennifer Pafiti became associated with the Firm in April 2014 and was elevated to Partner in December 2015. A dually qualified U.K. solicitor and U.S. attorney, she is the Firm’s Head of Client Services and also takes an active role in complex securities litigation, representing clients in both class and non-class action securities litigation.

In 2021, Jennifer was selected as one of the “Women, Influence and Power in Law” honorees by Corporate Counsel, in the Collaborative Leadership – Law Firm category. Lawdragon named Jennifer among the 2021 Leading 500 Lawyers in the United States. In 2020 she was named a Southern California Rising Star by Super Lawyers® and was recognized by Benchmark Litigation as a Future Star. Lawdragon has recognized Jennifer as a Leading Plaintiff Financial Attorney from 2019 through 2021. In 2019, she was also honored by Super Lawyers® as a Southern California Rising Star in Securities Litigation, named to Benchmark Litigation’s 40 & Under Hot List of the best young attorneys in the United States, and recognized by Los Angeles Magazine as one of Southern California’s Top Young Lawyers. In 2018, Jennifer was recognized as a Lawyer of Distinction. She was honored by Super Lawyers® in 2017 as both a Rising Star and one of the Top Women Attorneys in Southern California. In 2016, the Daily Journal selected Jennifer for its “Top 40 Under 40” list of the best young attorneys in California.

Jennifer was an integral member of the Firm’s litigation team for In re Petrobras Securities Litigation, a case relating to a multi-billion-dollar kickback and bribery scheme at Brazil’s largest oil company, Petróleo Brasileiro S.A.- Petrobras, in which the Firm was sole Lead Counsel. She helped secure a significant victory for investors in this case at the Second Circuit Court of Appeals, when the court rejected the heightened ascertainability requirement for obtaining class certification that had been imposed by other Circuit courts such as the Third and Sixth Circuit Courts of Appeals. Working closely with Lead Plaintiff, Universities Superannuation Scheme Limited, she was also instrumental in achieving the historic settlement of $3 billion for Petrobras investors. This is not only the largest securities class action settlement in a decade but is the largest settlement ever in a securities class action involving a foreign issuer, the fifth-largest securities class action settlement ever achieved in the United States, the largest securities class action settlement achieved by a foreign Lead Plaintiff, and the largest securities class action settlement in history not involving a restatement of financial reports.

Jennifer was involved, among other cases, in the securities class action against rare disease biopharmaceutical company, KaloBios, and certain of its officers, including CEO Martin Shkreli. In 2018, Pomerantz achieved a settlement of $3 million plus 300,000 shares for defrauded investors – an excellent recovery in light of the company’s bankruptcy. Isensee v. KaloBios. Jennifer also helped achieve a $10 million recovery for the class in a securities litigation against the bankrupt Californian energy company, PG&E, which arose from allegedly false statements made by the company about its rolling power outages in the wake of the catastrophic wildfire incidents that occurred in California in 2015, 2017, and 2018. Vataj v. Johnson, et al.

Jennifer earned a Bachelor of Science degree in Psychology at Thames Valley University in England, prior to studying law. She earned her law degrees at Thames Valley University (G.D.L.) and the Inns of Court School of Law (L.P.C.) in the U.K.

Before studying law in England, Jennifer was a regulated financial advisor and senior mortgage underwriter at a major U.K. financial institution. She holds full CeFA and CeMAP qualifications. After qualifying as a solicitor, Jennifer specialized in private practice civil litigation, which included the representation of clients in high-profile cases in the Royal Courts of Justice. Prior to joining Pomerantz, Jennifer was an associate with Robbins Geller Rudman & Dowd LLP in their San Diego office.

Jennifer regularly travels throughout the U.S. and Europe 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. Jennifer is also a regular speaker at events on securities litigation and fiduciary duty.

Jennifer served on the Honorary Steering Committee of Equal Rights Advocates (“ERA”), which focuses on specific issues that women face in the legal profession. ERA is an organization that protects and expands economic and educational access and opportunities for women and girls.

Jennifer is a member of the National Association of Pension Fund Attorneys and represents the Firm as a member of the California Association of Public Retirement Systems, the State Association of County Retirement Systems, the National Association of State Treasurers, the National Conference of Employee Retirement Systems, the Texas Association of Public Employee Retirement Systems, and the U.K.’s National Association of Pension Funds.

Memberships

Jennifer is admitted to practice in England and Wales; the State of California; the United States District Courts for the Southern, Northern, and Central Districts of California;  the United States Court of Appeals for the Ninth Circuit. She is based in Los Angeles.

Education

Bachelor of Science degree in Psychology at Thames Valley University
Thames Valley University (G.D.L.) and the Inns of Court School of Law (L.P.C.)

Lawyer Rankings

United States > Dispute resolution > Securities litigation: plaintiff

(Next Generation Partners)

Jennifer PafitiPomerantz LLP

Pomerantz LLP in New York has ‘a strong team that provides high-quality reporting and goes the extra mile to make sure they are getting every penny owed’. Practice head Jeremy Lieberman  (who is ‘a powerhouse in the courtroom’) and key partner Austin Van are leading a high-profile case against Metal Platforms, formerly known as Facebook, alleging that the company misled the market regarding its mitigation efforts to counteract changes that Apple made to the iOS operating system, which impacted Meta’s advertising business model. Lieberman and Michael Wernke secured $90m for investors in Altria Group, having alleged that the company purposely misled investors when advocating for the purchase of vape business JUUL. Emma Gilmore led the prosecution in Karimi v. Deutsche Bank AG, securing preliminary approval of a $26.3m settlement in a securities class action brought in response to the bank’s failure to remediate deficiencies in its anti-money laundering protocols. The recovery represents 49.4% of the likely recoverable damages in the case, far above the median recovery of 1.8% of estimated damages for all securities class actions settled in 2021. Clients of Los Angeles-based Jennifer Pafiti note that ‘her knowledge is first-rate, and she is clear and concise’. She plays a key role in In re Emergent Biosolutions Inc., which alleges that the company had manufacturing and quality control issues with the production of vaccines. Matthew Tuccillo is the firm’s lead litigator on high-stakes securities class action lawsuits in courts nationwide.