Recent News About Pomerantz Llp
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Pomerantz continues to rack up accolades, with several attorneys featuring prominently in the 2024 edition of the Benchmark Litigation guide.
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A federal judge ruled granting Exelon's request for an appeal to answer potentially important legal questions in the case could slow the litigation
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Federal judge says the shareholder plaintiffs have done enough so far to demonstrate ComEd allegedly willfully concealed the alleged bribery scheme from its shareholders.
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The appeals judges said a federal district judge was wrong to dismiss dozens of lawsuits against the sellers of shelf-stable Parmesan cheese simply because the ingredients on the label explicitly included the cellulose many sellers included as a filler and anti-caking agent.
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A group of Exelon investors have filed suit against the parent company of electrical utility ComEd, asserting the company’s potentially corrupt state lobbying activities in Springfield artificially inflated the company’s stock price, setting investors up for losses when the federal investigation into those activities came to light.
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Calling the lawsuit an example of a “racket” aimed at merging companies, a federal appeals panel in Chicago has tossed out a settlement intended to end a shareholder class action brought over the Walgreens Boots Alliance merger, saying the lawsuit and related settlement did nothing more than contribute a quick $370,000 payment to the plaintiffs’ lawyers.
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A little less than a year after Walgreens and some of its shareholders moved to settle a class action over a lack of disclosures to shareholders who said they were concerned over the company’s merger with European retail pharmacy operator Alliance Boots, objectors to that settlement deal are hoping a federal appeals court will toss out or rewrite the settlement over concerns the deal is little more than a $370,000 payoff to trial lawyers.
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Even as new cases continue to sprinkle on, the class action lawsuits that have piled up in recent months in federal courts across the country against Kraft, Walmart, Target, the parent company of Jewel Food Stores and others over the contents of their grated Parmesan cheese, will be headed to Chicago, after a federal judicial panel consolidated the cases and selected a
Chicago federal judge to preside over the litigation.
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A northwest suburban woman who claimed she was duped by the advertising slogan on a box of breakfast biscuits lost her attempt at filing a class-action lawsuit when a federal judge dismissed her claim.
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On the heels of stock prices that slipped following recent reports that federal investigators will investigate its accounting, Boeing has been targeted by a federal class action alleging the aerospace manufacturer misled investors using alleged accounting tricks to hide potential losses.
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An Illinois woman’s false advertising complaint against Johnson & Johnson is allowed to proceed after a judge denied the company’s motion to dismiss, saying the woman had done enough so far to allow her to argue Johnson & Johnson misled her and others into buying products the company claimed were clinically proven to help babies sleep better. Stephanie Leiner, of Chillicothe, filed a class action lawsuit July 2 in federal court in Chicago against N.J.-based Johnson & Johnson.
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The directors and executive of an Oakbrook Terrace-based provider of digital financial security products has been hit with a lawsuit brought by a shareholder who has claimed the company’s management should be made to pay for allegedly concealing from investors – or at least not properly moving to address – the possibility an international distributor sold the company’s products to buyers in Iran while economic sanctions forbidding such sales were in place.
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The number of antitrust lawsuits continues to climb in federal courts around the U.S., including in Chicago, against the country’s major domestic airlines, accusing the airlines of colluding to keep their fares and fees artificially elevated. Nationally, federal court records reveal 75 such cases have been introduced in federal district courts against United, American, Southwest and Delta airlines. In Chicago, nine cases have been filed.
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Walgreen appears poised to settle at least two of the legal actions pending against it in federal court over its merger with European drug store operator Alliance Boots. On July 8, U.S. District Judge Joan B. Gottschall granted preliminary approval to a settlement agreement between investors James Hays and Richard Potocki, representing a class including all Walgreen stockholders, and the Deerfield-based drug store chain.
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A woman is suing Johnson & Johnson for allegedly misrepresenting the effectiveness of the company’s Bedtime Products that she, and many other parents, have purchased to help their babies sleep better. Stephanie Leiner, of Chillicothe, filed a class action lawsuit July 2 in federal court in Chicago against Johnson & Johnson Consumer Companies Inc., of Skillman, New Jersey, alleging violations of the Illinois Consumer Fraud and Deceptive Business Practice Act and unjust enrichment.
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A controversy-plagued merger of American and European drug store superpowers will face another legal obstacle, this time from a class action lawsuit brought by an investor who believes Walgreen Co. did not disclose as much information to shareholders as the law requires in advance of a vote later this month on whether to complete a reorganization of the company following the planned buyout of pharmacy
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