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If you suffered losses in James River stock, contact James River stock loss lawyer Timothy L. Miles about a James River class action lawsuit
introduction to THE JAMES RIVER CLASS ACTION LAWSUIT Call a James River stock loss lawyer about the James River class action lawsuit
The James River class action 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 class action lawsuit charges James River and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in James River stock and wish to serve as lead plaintiff in the James River class action 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 class action lawsuit must be filed with the court no later than January 12, 2024. In this authoritative synopsis, we will navigate through the complexities of the James River class action lawsuit. the ALLEGATIONS IN THE JAMES RIVER CLASS ACTION LAWSUIT
James River is an exempted holding company registered in Bermuda, organized for the purpose of acquiring and managing insurance and reinsurance entities.
The James River class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) James River lacked effective internal controls regarding the recognition of reinstatement premiums for reinsurance; (ii) as a result, James River overstated its net income; and (iii) James River was reasonably likely to restate its financial results. The James River class action lawsuit further alleges that on November 7, 2023, James River disclosed that it had “identified an error in the accounting for reinstatement premium . . . in its Excess & Surplus Lines segment” in the previously issued financial statements for the second quarter of 2023. Specifically, the error resulted in overstatements of net income of $7.8 million and $10.4 million for the three and six months ended June 30, 2023, respectively, as well as understatements of ceded written premium, and overstatements of net written premium and net earned premium of $9.4 million and $12.3 million for the three and six months ended June 30, 2023, respectively, according to the complaint. James River further identified a material weakness in its internal control over financial reporting because James River’s “control over the review of the determination of when reinstatement premiums for reinsurance should be recognized did not operate effectively,” the complaint alleges. The James River class action lawsuit alleges that on this news, the price of James River stock fell 7%. THE LEAD PLAINTIFF DEADLINE IN THE JAMES RIVER CLASS ACTION LAWSUIT
When a securities class action is filed such as the James River class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the James River class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
THE LEAD PLAINTIFF PROCESS IN THE JAMES RIVER CLASS ACTION LAWSUIT
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in James River stock to seek appointment as lead plaintiff in the James River class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in James River stock and have further questions, contact James River stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a James River class action lawsuit if you suffered losses in James River stock. A NON-U.S. INVESTOR may SERVE AS LEAD PLAINTIFF IN THE JAMES RIVER CLASS ACTION LAWSUIT
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in James River stock, they may move the Court to be appointed lead plaintiff in the James River class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE JAMES RIVER CLASS ACTION LAWSUIT
Serving as a Lead Plaintiff in the James River class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against James River if you suffered significant losses in James River stock. RESPONSIBILITIES tHE LEAD PLAINTIFF will HAVE IN THE JAMES RIVER CLASS ACTION LAWSUIT
A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the James River class action lawsuit. Some of the responsibilities of the Lead Plaintiff in the James River class action lawsuit include:
THE LEAD PLAINTIFFS will not GET MORE MONEY THAN CLASS MEMBERS IF THE JAMES RIVER CLASS ACTION LAWSUIT SETTLES
But they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the James River class action 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 class action lawsuit on behalf of investors who suffered losses in James River stock.
THE COURT MAY APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE JAMES 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 class action lawsuit.
IF you MISS THE LEAD PLAINTIFF DEADLINE IN THE JAMES RIVER CLASS ACTION 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 class action lawsuit..
CONTACT A JAMES RIVER STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN JAMES RIVER STOCK ABOUT A JAMES RIVER CLASS ACTION 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 class action lawsuit. Call today and see what a James River stock loss lawyer could do for you if you suffered losses in James Riverstock.
James River stock loss lawyer Timothy L. MilesNashville 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 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 sixty 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 call for free anytime. Comments are closed.
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The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846-6529 Email: [email protected] HOURS OF OPERATION Mon-Fri: 24/7 Sat-Sun: 24/7 |
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