James River Group Holdings, Ltd. Investors: Company Investigated by the Portnoy Law Firm

Portnoy Law
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Investors can contact the law firm at no cost to learn more about recovering their losses

​LOS ANGELES, June 17, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

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

Attorney Advertising


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