Leigh Handelman Smollar, formerly Of Counsel to Pomerantz, became a partner in January 2012. Ms. Smollar specializes in securities fraud litigation.
As a member of Pomerantz’ Securities Litigation Group, Ms. Smollar plays a key role in litigating class actions against public companies for securities fraud. She was a member of the Pomerantz team in its successful litigation on behalf of three New Mexico pension funds related to Countrywide’s mortgage-backed securities, resulting in a very favorable confidential settlement. Ms. Smollar has been a member of the Pomerantz litigation team for many of the cases where significant settlements were obtained. See In re Sealed Air Corp. Sec. Litig., No. 03-CV-4372 (D.N.J.)($20 million settlement approved December 2009); and In re Safety-Kleen Stockholders Securities Litigation, 3:00-736-17 (D. S.C.) (as Co-Lead Counsel, Firm obtained a $54.5 million settlement).
In June 2011, as a panelist at the Illinois Public Employee Retirement Systems Summit in Chicago, Illinois, Ms. Smollar gave a presentation entitled “Carrying Out Fiduciary Responsibilities in Management and Investments.” She authored several articles and updates for the Illinois Institute for Continuing Legal Education (IICLE) including “Shareholder Derivative Suits and Stockholder Litigation in Illinois,” published in IICLE Chancery and Special Remedies 2004 Practice Handbook; “Prosecuting Securities Fraud Class Actions,” published in IICLE Chancery and Special Remedies 2009 Practice Handbook, including a 2011 supplement to Chancery and Special Remedies; and a new chapter in the 2013 Edition of the Chancery and Special Remedies Practice Handbook. She also recently submitted an article for publication for the Loyola Law Journal entitled “The Importance Of Conducting Thorough Investigations Of Confidential Witnesses In Securities Fraud Litigation,” expected for publication in 2015.
Ms. Smollar is currently litigating In re Galena Biopharma, Inc., 3:14-cv-00367 (D. Or.); Alizadeh v. Tellabs, Inc. et. al, 13-cv-537 (N.D. Ill.); Lubbers v. Flagstar Bancorp, Inc., 14-cv-13459 (E.D. MI); and Cooper v. Thoratec Corp., 14-cv-360 (N.D. Ca).
Ms. Smollar is a 1993 graduate of the University of Illinois at Champaign-Urbana, where she graduated from the School of Commerce with high honors, and a 1996 graduate of the Chicago-Kent College of Law. Ms. Smollar spent the next five years specializing in insurance defense litigation.
Ms. Smollar is admitted to practice in Illinois, the United States District Court for the Northern District of Illinois, and the United States Courts of Appeals for the Seventh and Eighth Circuits.