JRVR LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of James River Group Holdings, Ltd. Shareholders

July 19, 2021 8:27 PM EDT | Source: Jakubowitz Law

New York, New York--(Newsfile Corp. - July 19, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of James River Group Holdings, Ltd. (NASDAQ: JRVR).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/james-river-group-holdings-ltd-loss-submission-form/?id=17798&from=5

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Affected shareholders purchased shares of JRVR between August 1, 2019 and May 5, 2021

Shareholders interested in representing the class of wronged shareholders have until September 7, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, James River Group Holdings, Ltd. issued materially false and/or misleading statements and/or failed to disclose that: (1) James River had not adequately reserved for its Uber policies; (2) James River was using an incorrect methodology for setting reserves that materially understated the Company's true exposure to Uber claims; (3) as a result, James River was forced to increase its unfavorable reserves in subsequent quarters even after cancelling the Uber policies; and (4) as a result of the foregoing, Defendants' statements about James River's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90705

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