BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Argo Group International Holdings, Ltd. (“Argo” or the “Company”) (NYSE: ARGO) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 8, 2019, Bloomberg reported that the Company had been subpoenaed by the U.S. Securities and Exchange Commission regarding its disclosures about executive compensation. The investigation follows concerns raised by Voce Capital Management that Argo and its Chief Executive Officer (“CEO”) Mark Watson misused corporate assets, such as aircraft and housing.
On this news, the Company’s stock price fell $1.46 per share, or over 2%, to close at $65.85 per share on October 9, 2019, thereby injuring investors.
On November 5, 2019, the Company announced that its CEO had retired, effective immediately, and would resign from the Board of Directors, effective December 30, 2019.
On this news, the Company’s stock price fell sharply during after-hours trading on November 5, 2019.
If you purchased Argo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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