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Investigation announced for Long-Term Investors in shares of ProAssurance Corporation (NYSE: PRA)

09-21-2020 11:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in ProAssurance Corporation (NYSE: PRA) shares.

An investigation on behalf of current long term investors in ProAssurance Corporation (NYSE: PRA) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of ProAssurance Corporation was announced.

Investors who are current long term investors in ProAssurance Corporation (NYSE: PRA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: PRA stocks follows a lawsuit filed against ProAssurance Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PRA stocks, concerns whether certain ProAssurance directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of Alabama the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that ProAssurance lacked adequate underwriting process and risk management controls necessary to set appropriate loss reserves in its Specialty P&C segment, that ProAssurance failed to properly assess a large national healthcare account that experienced losses far exceeding the assumptions made when the account was underwritten, and that as a result, ProAssurance was subject to a materially heightened risk of financial loss and reserve charges.

Those who purchased shares of ProAssurance Corporation (NYSE: PRA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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