Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against James River Group Holdings, Ltd. (JRVR)

BENSALEM, Pa .– (BUSINESS WIRE) – Law Offices of Howard G. Smith reminds investors of the upcoming September 7, 2021 deadline to file lead plaintiffs on behalf of investors James River Group Holdings, Ltd. (“James River” or “Company”) (NASDAQ: JRVR) common stock between August 1, 2019 and May 5, 2021 inclusive (the “Class Period”).

Investors suffering losses on their James River investments are advised to contact the Howard G. Smith law firms at 888-638-4847 or email howardsmith@howardsmithlaw.com to determine their legal rights therein To discuss class action.

On October 8, 2019, after the market closed, James River announced that it had issued an early termination of all policies issued to its largest customer, Rasier LLC.

As a result of this news, the company’s share price fell $ 11.06, or over 23%, to close at $ 37.88 per share on October 9, 2019, hurting investors.

Then, on May 5, 2021, James River announced its financial results for the first quarter of 2021, reporting “170.0 million. According to Bloomberg, the company announced that it would raise $ 175 million through a public offering of shares involving was rated the “highest discount in the industry of all time”.

As a result of this news, the company’s share price fell $ 12.27, or 26%, to close at $ 34.23 per share on May 6, 2021, further harming investors.

The lawsuit filed alleges that during the class action period, defendants made materially false and / or misleading statements and failed to disclose material adverse facts about the company’s business, operations and prospects. In particular, defendants have failed to disclose to investors that: (1) James River did not reserve appropriately for its Uber policies; (2) James River used an inaccurate reserve assessment method that significantly underestimated the company’s true risk to Uber damage; (3) As a result, James River was forced to increase its unfavorable reserves in subsequent quarters, even after the Uber policies were canceled; and (4) as a result, defendants’ statements about their business, operations and prospects were materially false and misleading and / or were inadequate at all relevant times.

If you purchased or otherwise acquired James River common stock during the class action period, you may request the court to appoint you as a lead plaintiff no later than September 7, 2021 if you meet certain legal requirements. To become a member of the class action, you do not need to take any action at this point; You can hire a lawyer of your choice or you can take no action and remain an absent member of the class action. If you would like to learn more about this class action lawsuit, or have any questions about this announcement or your rights or interests in relation to these matters, please contact Howard G. Smith, Esquire, Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw .com.

This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.

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