The Police & Fire Retirement System City of Detroit v. Argo Group International Holdings, Inc. et al
Case Number:
1:22-cv-08971
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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December 13, 2024
Insurer Argo Beats Investor Suit Over Reserve Estimate Risks
A New York federal judge has dismissed a proposed investor class action against Argo Group International Holdings Ltd. and its executives, finding that the insurance firm adequately disclosed the risks and uncertainties in its reserve estimations and that a 2017 review of underwriting guidelines did not contradict its reserve management statements.
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January 18, 2023
Grant & Eisenhofer To Rep Argo Investors In Underwriting Suit
Grant & Eisenhofer PA will represent a proposed class of investors in a suit alleging specialty insurance underwriter Argo Group International Holdings Ltd. and its executives failed to provide its shareholders with adequate information about its reserves, hurting investors as trading prices for its shares fell as it was forced to provide adverse details about its finances.
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October 21, 2022
Argo's Underwriting Flaws Caused 60% Stock Drop, Suit Says
Argo Group International Holdings was hit with a proposed class action on Thursday from an investor that claims the insurance firm and its current and former executives overhyped its underwriting practice and made false statements about the firm's ability to manage its reserves, leading to a 60% share price drop when the truth came to light.