Pomerantz is proud to announce that attorney Omar Jafri has been promoted to Partner.
A member of the Firm’s Securities Litigation Practice Group, who is based in its Chicago office, in just the last few years, Omar has appeared on behalf of investors in over two dozen securities cases, authored over 50 pleadings and briefs, taken and defended over two dozen depositions, and argued numerous substantive motions in the U.S. District Courts as well as multiple appeals in the U.S. Courts of Appeals.
Over the last few years, Omar has played a key role in numerous cases where the Firm has achieved significant recoveries for defrauded shareholders as Lead, Co-Lead or Additional Counsel. Recently, Omar was an integral member of the Firm’s litigation team in a securities fraud class action against Chicago Bridge & Iron Co., N.V., which resulted in a $44 million settlement shortly before a scheduled trial in 2022 even though the corporate defendant and its parent had declared bankruptcy while the case was pending.
In 2021, Omar was Co-Lead Counsel in a securities fraud action against Nabriva Therapeutics Plc for false representations made about a new drug application pending before the FDA. After the case was initially dismissed, Omar drafted a Second Amended Complaint, bolstering allegations of scienter with documents later received from the FDA and with experts’ opinions. After discovery, the case settled in May 2021 for $3 million, or between 21% and 30% of total class-wide damages -- an exceptionally high percentage for a securities class action.
Omar also has an active pro bono criminal practice and has represented individuals charged with the most serious crimes in the State courts of Illinois. He successfully defended a pro bono client against charges of first-degree murder by persuading the State to offer time served and forgo a retrial. In another pro bono matter, Omar persuaded the trial court and the Illinois Supreme Court to allow a Frye hearing on the admissibility of fingerprint evidence for the first time in the history of Illinois in a first-degree murder case.
In 2021, 2022 and 2023, Omar was recognized by Super Lawyers® as a Rising Star in Securities Litigation. In 2021, he was also named to the National Law Journal’s inaugural list of Rising Stars of the Plaintiffs’ Bar under the age of 40, a new category in the Elite Trial Lawyers competition for lawyers who “demonstrated repeated success in cutting-edge work on behalf of plaintiffs over the last 18 months [and] possess a solid track record of client wins over the past three to five years.”
Omar graduated magna cum laude and Order of the Coif from the University of Illinois College of Law, where he was a Harno Scholar and a recipient of the Rickert Award for Excellence in Advocacy.
Original source can be found here.