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New York, New York--(Newsfile Corp. - July 29, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of ProAssurance Corporation (NYSE: PRA) alleging that the Company violated federal securities laws.
Class Period: April 26, 2019 and May 7, 2020
Lead Plaintiff Deadline: August 17, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that ProAssurance Corporation made materially false and/or misleading statements and/or failed to disclose 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.
Shareholders have until August 17, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the PRA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60727