Firm History

The Pomerantz Firm was founded in 1936 by Abraham L. Pomerantz, a legal pioneer widely regarded as having developed the class action and derivative field. Abe brought his first major shareholder suit in 1933, successfully representing an investor who owned twenty shares of National City Bank stock. The action was brought against the Chairman and CEO of the bank who had awarded himself and other executives loans to cover stock market losses and then waived payment of the loans. Over the succeeding decades, Abe and the Firm successfully represented investors in scores of suits against some of the country's largest banks, brokers, mutual funds, accounting firms, industrial corporations, and their officers and directors.

I feel . . . strongly that the class action has redressed the shocking imbalance between the perpetrator and the victim of security frauds. Now it is possible to have a fair confrontation between the fleeced and the fleecers.

                                        Abraham L. Pomerantz

Today, senior partners Stanley M. Grossman and Marc I. Gross maintain the commitments to excellence, integrity and the client-specific practice of law passed down by our founder. Mr. Grossman has been recognized as one of the top New York City based securities litigators, and has served on the Ethics Committee of the Association of the Bar of the City of New York. Mr. Gross has over thirty years experience litigating securities fraud and derivative actions and is a Vice President of the Institute of Law and Economic Policy. The Firm remains at the forefront of securities-based litigation. In recent years, the Firm has expanded it practice areas to include antitrust, competition and insurance-related matters. In each of its practice areas, Pomerantz has an impressive track record of expanding and protecting the rights of investors and consumers.