Glancy Prongay & Murray LLP Announces Investigation on Behalf of ProAssurance Corporation Investors
LOS ANGELES--(BUSINESS WIRE)--Jan 23, 2020--
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of ProAssurance Corporation (“ProAssurance” or the “Company”) (NYSE: PRA ) investors concerning the Company and its officers’ possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On January 22, 2020, after the market closed, ProAssurance disclosed a $37 million charge to its loss reserves for fourth quarter 2019 due to “deteriorating loss experience, driven by a large national healthcare account.”
On this news, the Company’s stock price fell as much as $4.81, or nearly 13%, during intraday trading on January 23, 2020, thereby injuring investors.
If you purchased ProAssurance 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 Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005749/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2020.
PUB: 01/23/2020 02:30 PM/DISC: 01/23/2020 02:30 PM