NEW YORK, Oct. 3, 2011 (GLOBE NEWSWIRE) -- The National Law Journal ("NLJ") named Pomerantz Haudek Grossman & Gross LLP to its Plaintiffs' Hot List for 2011. The Firm was recognized for its work representing plaintiffs in securities litigation and ERISA-related actions.
According to the NLJ article published October 3, 2011, the Hot List features 20 firms that are "at the cutting edge of plaintiffs' work – and that are giving defense players a run for their money."
"We are very pleased that major accomplishments on behalf of our clients have garnered this highly esteemed recognition," said Marc I. Gross, Pomerantz's Managing Partner.
The NLJ highlighted three of the Firm's settled negotiated securities- and ERISA-related settlements in 2010, valued at $575 million: In re Comverse Tech. Inc. Sec. Litig., a $225 million settlement, including a $60 million payment from former Chief Executive Officer Jacob "Kobi" Alexander — the largest payment by an individual in securities class actions; New Mexico State Inv. Council, New Mexico Pub. Employees' Retirement Ass'n and New Mexico Educ. Retirement Board v. Countrywide Financial Corp, in which Pomerantz, with co-counsel, opted out of a parallel class action to pursue a highly successful, though confidential, settlement in New Mexico state court. And the largest-ever health insurance recovery, AMA v. United Health Care Corp., in which Pomerantz engineered a $350 million settlement against UnitedHealth Group for under-reimbursement of services from out-of-network doctors and providers.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.