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Deadline on September 7th coming up in Lawsuit for Investors in James River Group Holdings, Ltd (NASDAQ: JRVR)

08-17-2021 03:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 7, 2021 in the lawsuit for certain investors in James River Group Holdings, Ltd.

A Deadline is coming up on September 7, 2021 in the lawsuit for certain investors in James River Group Holdings, Ltd.

A deadline is coming up on September 7, 2021 in the lawsuit filed for certain investors of James River Group Holdings, Ltd (NASDAQ: JRVR) over alleged securities laws violations by James River Group Holdings, Ltd.

Investors who purchased shares of James River Group Holdings, Ltd (NASDAQ: JRVR) have certain options and there are strict and short deadlines running. Deadline: September 7, 2021. NASDAQ: JRVR stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of Virginia the plaintiff alleges on behalf of purchasers of James River Group Holdings, Ltd (NASDAQ: JRVR) common shares between August 1, 2019 and May 5, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 1, 2019 and May 5, 2021, the defendants failed to disclose that James River had not adequately reserved for its Uber policies, that James River was using an incorrect methodology for setting reserves that materially understated the Company’s true exposure to Uber claims, that as a result, James River was forced to increase its unfavorable reserves in subsequent quarters even after cancelling the Uber policies, and that as a result of the foregoing, Defendants’ statements about James River’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

Those who purchased shares of James River Group Holdings, Ltd (NASDAQ: JRVR) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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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