7 frequently asked questions about the james river lawsuit

If you suffered losses in James River stock, contact James River stock loss lawyer Timothy L. Miles about a James River lawsuit

INTRODUCTION TO THE JAMES RIVER lawsuit

​The James River lawsuit seeks to represent purchasers or acquirers of James River Group Holdings, Ltd. (NASDAQ: JRVR) securities between August 7, 2023 and November 7, 2023 (the “Class Period”).  Captioned Glantz v. James River Group Holdings, Ltd., No. 23-cv-10000 (S.D.N.Y.), the James River lawsuit charges James River and certain of its top executive officers with violations of the​​ Securities Exchange Act of 1934.
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If you suffered losses in James River stock and wish to serve as lead plaintiff in the James River lawsuit, please contact James River Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the James River lawsuit must be filed with the court no later than January 12, 2024.

Read on for answers to seven frequently asked questions by James River investors about the James River lawsuit.

WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE JAMES RIVER LAWSUIT?

​Serving as a Lead Plaintiff in the James River lawsuit has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit of being involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a James River lawsuit if you suffered significant losses in James River​​ stock.

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE JAMES RIVER LAWSUIT SETTLES?

​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the James River lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the James River lawsuit on behalf of investors who suffered losses in James River stock. ​

CAN I BE APPOINTED LEAD PLAINTIFF IN THE JAMES RIVER LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?

No.  Even if you suffered losses in James River​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the James River lawsuit.

CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE JAMES RIVER LAWSUIT?

​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the James River lawsuit.

HOW WAS THE CLASS PERIOD DETERMINED IN THE JAMES RIVER LAWSUIT?

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public through a corrective disclosure.  
 
In order to be a part of the class in the James River lawsuit, you must have suffered losses in James River stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the James River lawsuit​​.  

IF I SUFFERED LOSSES IN JAMES RIVER STOCK, HOW MUCH CAN I GET OUT OF THE JAMES River LAWSUIT?

​​In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in James River stock. Contact a James River stock loss lawyer who could explain your losses in greater detail if you suffered losses in James River stock. 

WHAT IF I MISS THE LEAD PLAINTIFF DEADLINE IN THE JAMES RIVER LAWSUIT?

​​​If you purchased shares during the class period and suffered losses in suffered losses in James River stock, then you will automatically be a class member and entitled to share in any potential settlement or recovery.  Your ability to be a class member and recover your losses is not dependent on you serving as a lead plaintiff. The sixty-day deadline applies only to those shareholders seeking to be a lead plaintiff in the James River lawsuit.

CONTACT A JAMES RIVER STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN JAMES RIVER STOCK ABOUT A JAMES river LAWSUIT

If you suffered losses in James River stock, contact James River stock loss lawyer Timothy L. Miles today for a free case evaluation about a James River lawsuit. Call today and see what a James River stock loss lawyer could do for you if you suffered losses in James River​stock.

James River stock loss lawyer Timothy L. Miles 

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator, and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, Class Action:  Class Action: Top 100 National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022).  Mr. Miles has published over three hundred articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or Resources center and call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529