LOS ANGELES, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) investors that a lawsuit filed on behalf of investors that purchased James River August 7, 2023 and November 7, 2023, both dates inclusive (the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The filed complaint contends that the defendants are accused of making false statements and/or concealing the following key points:
- James River had inadequate internal controls concerning the recognition of reinstatement premiums for reinsurance.
- Consequently, the Company inflated its reported net income.
- It was reasonably foreseeable that the Company would need to revise its financial results.
- As a consequence of these matters, the positive statements made by the defendants about the Company's business, operations, and future prospects were significantly misleading and/or lacked a reasonable foundation.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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