-

PROASSURANCE 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against ProAssurance Corporation - PRA

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until August 17, 2020 to file lead plaintiff applications in a securities class action lawsuit against ProAssurance Corporation (NYSE: PRA), if they purchased the Company’s shares between April 26, 2019 and May 7, 2020, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Alabama.

What You May Do

If you purchased shares of ProAssurance and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-pra/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by August 17, 2020.

About the Lawsuit

ProAssurance and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On May 8, 2020, following prior negative disclosures regarding the Company’s relationship with one of its very large clients, the Company disclosed that the client would likely not be renewing its policy but instead exercise an option for tail coverage that would result in an additional $50 million in losses for 2Q 2020.

On this news, the price of ProAssurance’s shares plummeted.

The case is Sheet Metal Workers Local 19 Pension Fund v. Proassurance Corporation, et al., 20-cv-856.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

Industry:

Kahn Swick & Foti

NYSE:PRA
Release Versions
English

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

More News From Kahn Swick & Foti

Confluent Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Confluent, Inc. - CFLT

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Confluent, Inc. (NasdaqGS: CFLT) to International Business Machines Corporation (“IBM”) (NYSE: IBM). Under the terms of the proposed transaction, shareholders of Confluent will receive $31.00 in cash for each share of Confluent that they own. KSF is seeking to determine whether this consideration an...

Warner Bros. Discovery Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Warner Bros. Discovery, Inc. - WBD

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Warner Bros. Discovery, Inc.’s (NasdaqGS: WBD) Warner Bros., including its film and television studios, HBO Max and HBO, to Netflix, Inc. (NasdaqGS: NFLX). Under the terms of the proposed transaction, shareholders of Warner Bros. Discovery will receive $23.25 in cash and $4.501 in shares of Netflix...

Crocs Investigation Initiated By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Crocs, Inc. - CROX

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Crocs, Inc. (“Crocs” or the “Company”) (NasdaqGS: CROX). In February 2022, the Company completed its acquisition of HEYDUDE, a footwear brand focusing on casual, comfortable, and lightweight footwear. On October 29, 2024, the Company reported its financial results for 3Q...
Back to Newsroom