Pomerantz LLP > Los Angeles, United States > Firm Profile

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

Email firm Visit website +1 310 405 7190 1 818 532 6499

Dispute resolution > Securities litigation: plaintiff Tier 1

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.

Leading lawyers

Jeremy A. Lieberman –Pomerantz LLP

Michael J. Wernke –Pomerantz LLP

Emma Gilmore –Pomerantz LLP

Next Generation Partners

Jennifer Pafiti –Pomerantz LLP

Practice head(s):

Jeremy Lieberman

Other key lawyers:

Michael Wernke; Jennifer Pafiti; Emma Gilmore; Austin Van; Mathew Tuccillo

Testimonials

‘The Pomerantz team are professional is their engagement. They have a strong team to allow multiple people to respond to queries and provide high quality reporting and advice when questing their opinions on class actions.’

‘Jennifer Pafiti and Jeremy Lieberman’s knowledge is first rate. They are clear and concise on their reporting and communications helping us make decisions.’

‘A strong team that provides high-quality reporting and goes the extra mile to make sure they are getting every penny owed. Their current monitoring system gets checked by their team to make you not only did you file your claim, but verifies you were paid the entire amount you were owed.’

‘I have dealt with Jennifer Pafiti for many years. Her kind personality and vast experience has many times made dealing with the litigation process much easier. Her great communication skills help keep you up to date on all the progress of any claims or litigation. Jeremy Lieberman is such a powerhouse in the courtroom. His experience and skill makes his the perfect leader to the firm.’

Key clients

Atudot Pension Fund for Employees and Independent Workers

Caisse des Dépôts et Consignations

Clal finance Betucha Investment Management

Employees’ Retirement System of the State of Hawaii

Iron Workers Locals 40, 361 & 417 Union Security Funds

Iron Workers Local 580 Joint Funds

Meitav Dash Investments. Ltd.

Menorah Mivtachim Insurance Group

Migdal Insurance Co.

Phoenix Insurance Company Ltd.

Work highlights

Represented Lead Plaintiff Gabby Klein and the Class of defrauded investors in a securities class action alleging that tobacco giant Altria was aware, when it invested in e-cigarette maker JUUL, that JUUL’s marketing scheme was directed to minors. Pomerantz achieved a $90 million settlement with defendants in 2022 (Klein, et al. v. Altria Group, et al).
Acting as lead counsel, received preliminary approval of a $26.3 million settlement for investors, in this class action brought against the Bank concerning deficiencies in its anti-money laundering and know-your-customer controls (Karimi v. Deutsche Bank AG).
Appointed lead counsel on behalf of its clients, some of the largest and most influential institutional investors in Israel, that are lead plaintiffs in this case against the vast media complex formerly known as Facebook (Plumbers and Steamfitters Local 60 Pension Trust v. Meta Platforms, Inc).

History: Pomerantz LLP is one of the most respected law firms in the United States dedicated to representing investors. The firm was founded in 1936 by the late Abraham L. Pomerantz, widely regarded as a legal pioneer and “dean” of the plaintiffs’ securities bar, who helped secure the right of investors to bring class and derivative actions.

Leadership: Today, led by managing partner Jeremy A Lieberman, the firm maintains the commitments to excellence and integrity passed down by Abe Pomerantz.

Results: In 2018, Pomerantz achieved a historic $3bn settlement for defrauded investors as well as precedent-setting legal rulings, in In re Petrobras Securities Litigation. Pomerantz consistently shapes the law, having won landmark decisions that expanded and protected investor rights and initiated historic corporate governance reforms, including securing the rights of US and foreign institutions that purchased BP shares abroad to bring common law claims in US court.

Global expertise: Jennifer Pafiti, partner and head of client services, is dually qualified to practice in the United States and United Kingdom. Our Paris office is headed by French lawyer, Nicolas Tatin, Pomerantz’s director-business development consultant for France, Benelux, Monaco and Switzerland. Attorneys Eitan Lavie and Orly Guy head our Tel Aviv office. In addition to the firm’s in-house teams, Pomerantz utilizes an extensive network of prominent law firms in the United Kingdom, Switzerland, and the Middle East, so that we are ready to assist clients, wherever they are situated, in recovering monies lost due to corporate misconduct and securities fraud. Our team of attorneys is collectively fluent in English, Arabic, Mandarin Chinese, Farsi, French, Hebrew, Italian, Portuguese, Romanian, Russian, Spanish, Taiwanese and Ukranian.

Practice: Pomerantz protects, expands, and vindicates shareholder rights through our securities litigation services and portfolio monitoring program. The firm represents some of the largest pension funds, asset managers and institutional investors around the globe, monitoring assets of over $6.8 trillion, and growing. Pomerantz’s practice includes corporate governance, antitrust, and strategic consumer litigation.

Recognition: In 2021, Jeremy Lieberman and Jennifer Pafiti were honored by Lawdragon as among the 500 Leading Lawyers in the United States, and Pomerantz was ranked as a top plaintiffs’ firm by both The Legal 500 and Chambers USA. In 2020, Pomerantz was named Plaintiff Firm of the Year by Benchmark Litigation, received European Pensions’ Thought Leadership Award; the New York Law Journal honored Jeremy Lieberman as a Distinguished Leader. In 2019, Jeremy Lieberman was named Plaintiff Attorney of the Year by Benchmark Litigation, and Pomerantz received Benchmark Litigation’s National Case Impact Award for In re Petrobras Securities Litig. In 2018, Pomerantz was a Law360 Securities Practice Group of the Year and a finalist for the National Law Journal’s Elite Trial Lawyers award; Jeremy Lieberman was named a Law360 Titan of the Plaintiffs’ Bar and a Benchmark Litigation Star. Among other accolades, many of our attorneys have been chosen by their peers, year after year, as Super Lawyers® Top-Rated Securities Litigation Attorneys and Rising Stars.

Pomerantz is headquartered in New York City, with offices in Chicago, Los Angeles, Paris and Tel Aviv.

Department	Name	Email	Telephone
Securities litigation	Jeremy A Lieberman	jalieberman@pomlaw.com	+1 212 661 1100
Securities litigation	Patrick V Dahlstrom	pdahlstrom@pomlaw.com	+1 312 377 1181
Corporate governance	Gustavo F Bruckner	gfbruckner@pomlaw.com	+1 212 661 1100
Securities litigation	Jennifer Pafiti	jpafiti@pomlaw.com	+1 310 405 7190

Name	Position	Profile
Cheryl D. Hamer	Of Counsel	View Profile
Mr Jordan Lurie	Partner	View Profile
Ms Jennifer Pafiti	Partner, Head of Client Services	View Profile
Mr Lesley Portnoy	Of Counsel	View Profile