James River Group Holdings, Ltd. Securities Litigation

Filing Deadline: September 07, 2021

If you purchased a significant amount of shares of James River Group Holdings Ltd. Common Shares (NASDAQ: JRVR), you have certain options. Investors should contact us before September 07, 2021.

 

Lawsuit Overview

Defendant:James River Group Holdings Ltd. Common Shares
Date Filed:July 9th, 2021
Sector:Finance
Industry:Property-Casualty Insurers
Class Start Date:August 1st, 2019
Class End Date:May 5th, 2021

The Complaint alleges that, during the Class Period, Defendants made materially false and misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects in violation of the Exchange Act and SEC Rule 10b-5. Specifically, the Complaint alleges Defendants failed to disclose that: (1) James River had not adequately reserved for its Uber policies; (2) James River was using an incorrect methodology for setting reserves that materially understated the Company’s true exposure to Uber claims; (3) as a result, James River was forced to increase its unfavorable reserves in subsequent quarters even after cancelling the Uber policies; and (4) 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.

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First Identified Complaint

Employees' Retirement Fund of the City of Fort Worth, et al. v. James River Group Holdings, Ltd., et al.

Date Filed:July 9th, 2021
Class Period Start:August 1st, 2019
Class Period End:May 5th, 2021
First Identified Complaint Filings
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