Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ProAssurance Corporation - PRA


NEW YORK, July 13, 2020 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors ProAssurance Corporation ("ProAssurance" or the "Company") (NYSE: PRA).  Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigaton concerns whether ProAssurance and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On January 22, 2020, post-market, ProAssurance disclosed a $37 million charge to its loss reserves for fourth-quarter 2019 due to "deteriorating loss experience, driven by a large national healthcare account." 

On this news, ProAssurance's stock price fell $4.18 per share, or over 11%, to close at $33.40 per share on January 23, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]

SOURCE Pomerantz LLP


These press releases may also interest you

at 10:05
The Coca-Cola Company today announced it will release first quarter 2024 financial results April 30 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results. The...

at 10:05
Mayfair Gold Corp. ("Mayfair" or the "Company") today announced that it has received a shareholder meeting requisition notice pursuant to section 167 of the Business Corporations Act (British Columbia) (the "Requisition") dated March 27, 2024 from...

at 10:03
Cetera Financial Group, the premier financial advisor Wealth Hub, announced that Cetera Financial Institutions has launched a groundbreaking new Credit Union Council, aimed at providing Cetera's participating credit union partners with a forum to...

at 10:02
Liquid Mobile, a rapidly growing on-demand, mobile IV hydration and wellness service, announces the opening of three new locations in Texas, all situated within Cowboys Fit clubs - state-of-the-art fitness facilities in partnership with the Dallas...

at 10:01
Following the success of last year's award-winning partnership, BIC EasyRinse is reuniting with television star, Broadway actress, and New York Times Best-Selling author Ariana Madix to celebrate her personal renaissance....

at 10:00
Momentive Performance Materials group (Momentive), a global high-performance silicones and specialty solutions company, is expected to be fully acquired by KCC Corporation (KCC), its majority shareholder resulting in the exit of minority shareholder,...



News published on and distributed by: