James River Group Holdings, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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Portnoy Law Firm
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Los Angeles, CA 90067
After the market closed, on October 8, 2019, James River disclosed that it had delivered a notice of early cancellation of all policies issued to its largest customer, Rasier LLC. On October 9, 2019, James River’s share price fell $11.06, or over 23%, on this news, to close at $37.88 per share, thereby injuring investors.
Then, on May 5, 2021, James River announced its first quarter 2021 financial results, reporting “$170.0 million of unfavorable development in Commercial Auto, primarily driven by a previously canceled account that has been in runoff since 2019.”
James River’s share price fell $12.16, or 26%, on this news, to close at $33.94 per share on May 6, 2021, thereby injuring investors further.