Pomerantz LLP

POMERANTZ ACHIEVES SIGNIFICANT VICTORY
IN SECURITIES CLASS ACTION AGAINST PETROBRAS

Pomerantz scored a significant victory for investors in In re Petrobras Sec. Litig.(2d Cir. July 7, 2017), one of the largest securities class actions pending in the United States. The case involves what is allegedly the biggest corruption scandal in the history of Brazil, which, according to plaintiffs, has ensnared not only Petrobras' former executives but also Brazilian politicians, including former presidents and at least one third of the Brazilian Congress. Plaintiffs allege that defendants’ fraudulent scheme involved billions of dollars in kickbacks, tens of billions of dollars in overstated assets, as well as significant losses to Petrobras investors.

READ ABOUT THE DECISION HERE

JOIN
AN ACTION


To discuss any of these actions please contact:

Robert S. Willoughby

  888.476.6529
or   888.4POMLAW

POMERANTZ LEADS HISTORIC PETROBRAS SECURITIES CLASS ACTION

The Petrobras Headquarters, Rio de Janeiro, Brazil

The Petrobras Headquarters, Rio de Janeiro, Brazil

Brazil’s energy giant, Petrobras, is accused of a sprawling kickback scheme that involves some of the country's top politicians; Pomerantz leads a group of consolidated class actions on behalf of injured investors.

Co-Managing Partner Jeremy A. Lieberman, who leads the firm’s Petrobras litigation, was recently featured in an article in Brazil’s Piaui journal.
[click here to read article]

In March 2015, New York U.S. District Judge Jed S. Rakoff appointed Pomerantz to lead a consolidated group of securities class actions over revelations of rampant corruption at Brazil’s state-run oil company, Petroleo Brasileiro SA (“Petrobras”). Pomerantz represents lead plaintiff Universities Superannuation Scheme Ltd. (“USS”). On July 9, 2015, Pomerantz won a major victory for Petrobras investors when Judge Rakoff rejected defendants’ motion to dismiss the action. read more...


Partner, Marc I. Gross

Partner, Marc I. Gross

POMERANTZ
AT THE VANGUARD
OF LITIGATION AGAINST BP

Additional Successes in the Landmark BP Litigation In October 2014, Pomerantz once again secured crucial victories in its ground-breaking litigation over BP plc's ("BP") 2010 Gulf of Mexico oil spill. This time, 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, thereby overcoming obstacles created by the U.S. Supreme Court’s 2010.  read more...

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A cutting-edge legal theory for investors who purchase securities on foreign exchange


Volume 12, Issue 4 July/August 2015

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LEADERSHIP, INTEGRITY, AND RESULTS
Pomerantz is one of the oldest and most respected law firms in the United States
dedicated to representing investors. Along with some of the most skillful securities
fraud litigators in the United States, our client-specific focus, commitment to integrity
and innovative legal strategies have led many of the largest domestic and foreign
institiutional investors to rely upon our advice, counsel and litigation skills.