SHAREHOLDER DEADLINE ALERT: Scott+Scott Attorneys at Law LLP Reminds Investors of December 19, 2022 Lead Plaintiff Deadline in Securities Class Action Against Argo Group International Holdings Ltd (ARGO)

New York, New York--(Newsfile Corp. - December 13, 2022) - Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, reminds investors who purchased Argo Group International Holdings Ltd (NYSE: ARGO) ("Argo" or the "Company") securities between February 13, 2018 through August 9, 2022, inclusive (the "Class Period"), that the deadline to move for lead plaintiff in a securities class action lawsuit against Argo and certain other defendants is December 19, 2022.

If you purchased Argo shares during the Class Period, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or jzimmerman@scott-scott.com, for more information.

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS CLASS ACTION

Argo underwrites international specialty insurance products in the property and casualty markets. According to the complaint, which was filed in the U.S. District Court for the Southern District of New York, Argo and certain of its directors and officers violated §§10(b) and 20(a) of the Securities and Exchange Act of 1934 (the "Exchange Act") by issuing false and misleading statements about Argo's reserves and its underwriting policies on certain U.S. construction contracts. Specifically, that Argo's reserves were wholly inadequate, that its underwriting standards were not prudent as represented, and that Argo dramatically changed its underwriting policies on certain U.S. construction contracts, which were underwritten outside the Company's "core" business and in certain states and for certain exposures that were far riskier than investors understood.

Ultimately, the effects of the changes in policies led to massive and belatedly disclosed adverse reserve developments, as well as a precipitous decline in the Company's share price when revealed.

Lead Plaintiff Deadline

The Lead Plaintiff deadline in this action is December 19, 2022. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.

What You Can Do

If you purchased Argo shares during the Class Period, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

Attorney Advertising.

CONTACT:
Scott+Scott Attorneys at Law LLP
Jonathan Zimmerman
(888) 398-9312
jzimmerman@scott-scott.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147932