Investors can Contact the toll-free law firm to learn more about recovering their losses
LOS ANGELES, July 12 12, 2022 (GLOBE NEWSWIRE) — Law firm Portnoy informs investors of Argo Group International Holdings, Ltd. (“Argo” or “the Company”) (NASDAQ: ARGO) that the firm has opened an investigation into possible securities fraud and may file a class action lawsuit on behalf of investors. Argo investors who have lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone at 844-767-8529 or by email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss options for investors to pursue claims to recover their losses.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Argo issued a press release on February 8, 2022, disclosing that its financial results for the fourth quarter of 2021 would be “negatively affected by adverse prior year reserve development and non-operating charges.” The company said it expected “net negative prior year reserve development to be in the range of $130 million to $140 million.” The Company attributed the largest reserve increases to construction defect claims within the Company’s US operations and to reserve increases in the liquidations segment. Based on this news, Argo shares fell 13.7% the next day.
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Portnoy Law Firm represents investors in the prosecution of claims caused by corporate wrongdoing. The company’s founding partner has recovered more than $5.5 billion for harmed investors. Lawyer advertisement. Prior results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the CA and NY Bar