Pomerantz Shortlisted for European Pensions’ 2023 Law Firm of the Year Award

For the third year in a row, Pomerantz is shortlisted for European Pensions’ Law Firm of the Year Award. This award recognizes a firm that “stands out in its dedication to understanding the complexities of pensions legislation and works with its clients to see them through the legal maze.”

Pomerantz was previously awarded European Pensions’ inaugural Thought Leadership Award in 2020 in recognition of the Firm’s innovative and insightful thought leadership related to “challenges facing European pension funds today.”

In honoring Pomerantz’s thought leadership, European Pensions recognized that the Firm had “demonstrated the possibility to make a real, material difference to the pension fund space.” Pomerantz’s long tradition of developing innovative ways to advance institutional investors’ interests includes novel legal strategies devised by the Firm to protect the rights of international investors. Of particular note is Pomerantz’s ability to find viable avenues for recovery for its foreign clientele, even after the U.S. Supreme Court’s 2010 decision in Morrison, which held that the U.S. federal securities laws do not apply to foreign securities transactions.

Specifically, post-Morrison, Pomerantz established the right of individual foreign investors who purchased foreign-traded shares of a foreign corporation to pursue claims for securities fraud in a U.S. court through precedents set during its landmark litigation against BP plc (In re BP plc Securities Litigation, MDL No. 2185 (S.D. Tex.)). Pomerantz also set historic precedent for investors in dual-listed shares when a U.S. federal court certified parallel classes of investors that purchased Perrigo shares on both the New York Stock Exchange and the Tel Aviv Stock Exchange (“TASE”) — the first time a court certified a foreign purchaser class since Morrison (Roofer’s Pension Fund v. Papa, et al., No. 16-2805 (D.N.J.)).

Pomerantz achieved a major victory for global investors in a securities class action against Teva, a dual-listed company, in which it represents several Israeli institutional investors who purchased Teva shares on the TASE, when it convinced the U.S. court to exercise supplemental jurisdiction over Israeli law claims (In re Teva Securities Litigation, No. 3:17-cv-558 (D. Conn.)). The Firm also achieved a favorable settlement for parallel classes of investors in a securities class action against Ormat Technologies, Inc., a company that is dual-listed on the NYSE (Costas, et al. v. Ormat Technologies, Inc., et al., No. 3:18-cv-000271 (D. Nev.))

Beyond expanding the access of European pension funds to the robust securities laws of the United States through ground-breaking legal strategies, Pomerantz is at the forefront of representing its clients in global litigations, no matter where they are based.

Pomerantz is honored and grateful to be recognized by European Pensions for its efforts to protect the rights, assets and interests of shareholders, asset managers and institutional investors worldwide.

European Pensions will announce their Law Firm of the Year at their awards ceremony on July 6, 2023, in London.