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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Portnoy Law: Lawsuit Filed On Behalf of James River Group Holdings, Ltd. Investors

July 14, 2021 GMT

Click here to join the case

LOS ANGELES, July 14, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of James River Group Holdings, Ltd. (“James River” or “the Company”) (NASDAQ : JRVR) investors that acquired securities between August 1, 2019 and May 5, 2021.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

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After the market closed, on October 8, 2019, James River disclosed that it had delivered a notice of early cancellation of all policies issued to its largest customer, Rasier LLC. On October 9, 2019, James River’s share price fell $11.06, or over 23%, on this news, to close at $37.88 per share, thereby injuring investors.

Then, on May 5, 2021, James River announced its first quarter 2021 financial results, reporting “$170.0 million of unfavorable development in Commercial Auto, primarily driven by a previously canceled account that has been in runoff since 2019.”

James River’s share price fell $12.16, or 26%, on this news, to close at $33.94 per share on May 6, 2021, thereby injuring investors further.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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