ProAssurance Corporation (PRA)

PRA Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of ProAssurance Corporation ("ProAssurance" or "the Company") (NYSE: PRA).  The investigation concerns whether ProAssurance and certain of its officers and/or directors have violated federal securities laws.

 

On January 22, 2020, post-market, ProAssurance disclosed a $37 million charge to its loss reserves for fourth quarter 2019 due to “deteriorating loss experience, driven by a large national healthcare account.”  On this news, ProAssurance’s stock price fell $4.18 per share, or over 11%, to close at $33.40 per share on January 23, 2020.

 

If you are aware of any facts relating to this investigation, or purchased ProAssurance shares, you can also contact Peretz Bronstein 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.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.