SHAREHOLDER ALERT: Law firm Gross is advising shareholders of James River Group Holdings, Ltd. of a class action and a deadline for the principal plaintiff of September 7, 2021
New York, New York – (Newsfile Corp. – July 16, 2021) – The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of the shareholders of James River Group Holdings, Ltd. (NASDAQ: JRVR).
Shareholders who have purchased shares of JRVR during the stated reference period are encouraged to contact the company regarding a possible appointment of a lead applicant. Appointment as principal applicant is not necessary to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: August 1, 2019 to May 5, 2021
ALLEGATIONS: The complaint alleges that during the period of the action, the Defendants made materially false and / or misleading statements and / or failed to disclose that: (1) James River did not sufficiently reserve his Uber policies; (2) James River used an incorrect methodology to establish reserves that significantly underestimated the Company’s actual exposure to Uber claims; (3) as a result, James River was forced to increase its unfavorable reserves in subsequent quarters, even after canceling Uber policies; and (4) as a result of the foregoing, the Defendants’ statements regarding the affairs, operations and prospects of James River were materially false and / or misleading and / or lacked reasonable basis.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks redress on behalf of investors who have suffered losses when false and / or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s shares. Lawyer advertising. Past results do not guarantee similar results.
The gross law firm
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New York, New York State, 10018
Email: [email protected]
Telephone: (212) 537-9430
Fax: (833) 862-7770
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90440