Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against James River Group Holdings, Ltd.

RADNOR, Pa., July 30, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP reminds investors of James River Group Holdings, Ltd. (NASDAQ: JRVR) (“James River“), against which a class action lawsuit for securities fraud has been brought James River on behalf of those who have bought or acquired James River Common shares between August 1, 2019 and May 5, 2021, including (the “Class Period”).

KTMC logo (PRNewsfoto / Kessler Topaz Meltzer & Check, LLP)

Deadline of the main plaintiff: September 7, 2021

James River is a holding company that owns and operates a group of specialty insurance and reinsurance companies.

The complaint alleges that during the class action period the defendants failed to disclose: (1) James River hadn’t reserved adequately for his Uber policies; (2) James River used an incorrect provisioning method that significantly underestimated actual exposure to Uber claims; (3) as a result, James River was forced to increase its unfavorable reserves in subsequent quarters, even after the Uber policy was lifted; and (4) as a result, defendants’ statements about James Rivers Deals, operations and prospects were materially false and misleading and / or unfounded.

James River Investors can do so at the latest September 7, 2021, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. To be appointed as a lead plaintiff, the court must determine that the class plaintiff’s claim is typical of the claims of other class plaintiffs and that the class plaintiff is adequately representing the class action. Your ability to participate in a recovery will not be affected by whether or not you want to be the lead plaintiff.

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Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of state and federal laws. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and private investors The United States and all over the world. The firm represents investors, consumers and whistleblowers (individuals who report fraudulent practices to the government and participate in recovery of government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
280 König-von-Preußen-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

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SOURCE Kessler Topas Meltzer & Check, LLP

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