NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against ProAssurance Corporation (“ProAssurance” or the “Company”) (NYSE: PRA). This investigation concerns whether ProAssurance has violated federal securities laws and/or engaged in other unlawful business practices.
On January 22, 2020, ProAssurance disclosed a $37 million charge to its loss reserves for the fourth quarter of 2019 due to “deteriorating loss experience, driven by a large national healthcare account.”
On this news, the price of ProAssurance shares fell $4.18, or 11.1%, to close at $33.40 on January 23, 2020.
If you acquired ProAssurance securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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