Argo Group International Holdings, Ltd. (ARGO)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Argo Group International Holdings, Ltd. (“Argo” or the “Company”) (NYSE: ARGO). Investors who purchased Argo shares are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Argo and certain of its officers and/or directors have violated federal securities laws.
On February 8, 2022, Argo announced that its results for the fourth quarter of 2021 will be negatively affected by adverse prior year reserve development and non-operating charges. Specifically, the Company expects net adverse prior year reserve development to be $130 million to $140 million for the quarter, the largest of which increases were related to construction defect claims within Argo’s U.S. operations and reserve increases in the run-off segment. In addition, Argo disclosed an expected goodwill and intangible assets charge of $40 million to $45 million for the quarter, related to Argo’s syndicate 1200 business unit. On this news, Argo’s stock price fell sharply during intraday trading on February 9, 2022.
If you are aware of any facts relating to this investigation or purchased Argo shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.