NEW YORK, NY / ACCESSWIRE / July 2, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
ProAssurance Corporation (PRA)
Class Period: April 26, 2019 - May 7, 2020
Lead Plaintiff Deadline: August 17, 2020
The PRA lawsuit alleges ProAssurance Corporation made materially false and/or misleading statements and/or failed to disclose during the class period that: (i) ProAssurance lacked adequate underwriting process and risk management controls necessary to set appropriate loss reserves in its Specialty P&C segment; (ii) ProAssurance failed to properly assess a large national healthcare account that experienced losses far exceeding the assumptions made when the account was underwritten; and (iii) as a result, ProAssurance was subject to materially heightened risk of financial loss and reserve charges.
Learn about your recoverable losses in PRA: http://www.kleinstocklaw.com/pslra-1/proassurance-corporation-loss-submission-form?id=7734&from=1
Ryder System, Inc. (NYSE:R)
Class Period: July 23, 2015 - February 13, 2020
Lead Plaintiff Deadline: July 20, 2020
The R lawsuit alleges that Ryder System, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Ryder's financial results were inflated as a result of the Company's practice of overstating the residual values of the vehicles in its fleet; (2) there was no reasonable basis to believe that Ryder would sell its used vehicles for the amounts that it had assigned to them; (3) Ryder's residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Learn about your recoverable losses in R: http://www.kleinstocklaw.com/pslra-1/ryder-system-inc-loss-submission-form?id=7734&from=1
Wells Fargo & Company (WFC)
Class Period: April 5, 2020 - May 5, 2020
Lead Plaintiff Deadline: August 3, 2020
The complaint alleges that throughout the class period Wells Fargo & Company made materially false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company’s litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Learn about your recoverable losses in WFC: http://www.kleinstocklaw.com/pslra-1/wells-fargo-company-loss-submission-form?id=7734&from=1
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: The Klein Law Firm
View source version on accesswire.com: