Joshua B. Silverman specializes in individual and class action securities litigation. He was lead counsel in In re Groupon, Inc. Sec. Litig., achieving a $45 million settlement, representing one of the highest recoveries as a percentage of damages in the Seventh Circuit. Mr. Silverman was also co-lead counsel in In re MannKind Corp. Sec. Litig., reaching a settlement valued at more than $23 million and setting precedent regarding the use of expert information in a shareholder complaint. He served as co-lead counsel for three large public funds in New Mexico State Investment Council, et al. v. Countrywide Fin. Corp., et al., resulting in a very favorable confidential settlement. He regularly represents clients in controversies involving securities fraud, private equity investments, hedge fund investments, structured financial instruments, securities lending arrangements, and investment consultants. In addition, Mr. Silverman was co-lead counsel in New Mexico State Inv. Council v. Cheslock Bakker & Associates (summary judgment award in excess of $30 million), played a key role in the Firm's representation of investors before the United States Supreme Court in StoneRidge, and prosecuted many of the Firm's other class cases, including In re Sealed Air Corp. Sec. Litig. ($20 million settlement), Bruce v. Suntech Power Holdings Corp. ($5 million settlement); In re AgFeed, Inc. Sec. Litig. ($7 million settlement); and In re Hemispherx BioPharma Sec Litig. ($2.75 million settlement).
Before joining Pomerantz, Mr. Silverman practiced at McGuireWoods LLP and its Chicago predecessor, Ross & Hardies, where he represented one of the largest independent futures commission merchants in commodities fraud and civil RICO cases. He also spent two years as a securities trader, and continues to actively trade stocks, futures, and options for his own account.
Mr. Silverman is a 1993 graduate of the University of Michigan, where he received Phi Beta Kappa honors, and a 1996 graduate of the University of Michigan Law School.
Mr. Silverman is admitted to practice in Illinois, the United States District Court for the Northern District of Illinois, the United States Courts of Appeal for the First, Second, Third, Seventh and Eighth Circuits, and the United States Supreme Court.