The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Argo Group International Holdings, Ltd. (“Argo” or “the Company”) (NASDAQ: ARGO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent 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 stated it expected “net adverse prior year reserve development to be in the range of $130 million to $140 million.” The Company blamed the largest reserve increases on construction defect claims within the Company’s U.S. Operations and reserve increases in the run-off segment. Based on this news, shares of Argo fell by 13.7% on the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220708005489/en/
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
