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The Law Offices of Frank R. Cruz Continues Investigation of James River Group Holdings, Ltd. (JRVR) on Behalf of Investors

·2-min read

LOS ANGELES, Jun 15, 2021--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On October 8, 2019, after the market closed, James River disclosed that it had delivered a notice of early cancellation of all policies issued to its largest customer, Rasier LLC.

On this news, the Company’s share price fell $11.06, or over 23%, to close at $37.88 per share on October 9, 2019, 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."

On this news, the Company’s share price fell $12.16, or 26%, to close at $33.94 per share on May 6, 2021, thereby injuring investors further.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased James River securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210615006089/en/

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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