Joshua B. Silverman is a partner in the Firm’s Chicago office. He specializes in individual and class action securities litigation. Josh was Lead Counsel in In re Groupon, Inc. Securities Litigation, achieving a $45 million settlement, one of the highest percentage recoveries in the Seventh Circuit. He was also Lead or Co-Lead Counsel in In re MannKind Corp. Securities Litigation ($23 million settlement); In re AVEO Pharmaceuticals, Inc. Securities Litigation ($18 million settlement, more than four times larger than the SEC’s fair fund recovery in parallel litigation); New Mexico State Investment Council v. Countrywide Financial Corp. (very favorable confidential settlement); New Mexico State Investment Council v. Cheslock Bakker & Associates (summary judgment award in excess of $30 million); Sudunagunta v. NantKwest, Inc. ($12 million settlement); Bruce v. Suntech Power Holdings Corp. ($5 million settlement); In re AgFeed, Inc. Securities Litigation ($7 million settlement); and In re Hemispherx BioPharma Securities Litigation ($2.75 million settlement). Josh also 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. Securities Litigation ($20 million settlement).
Several of Josh’s cases have set important precedent. For example, In re MannKind established that investors may support complaints with expert information. New Mexico v. Countrywide recognized that investors may show Section 11 damages for asset-backed securities even if there has been no interruption in payment or threat of default. More recently, NantKwest was the first Section 11 case in the nation to recognize statistical proof of traceability.
In addition to prosecuting cases, Josh regularly speaks at investor conferences and continuing legal education programs.
Before joining Pomerantz, Josh 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.
Josh 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.
Josh 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, Eighth and Ninth Circuits, and the United States Supreme Court.