Levi & Korsinsky, LLP announces that an ARGO class action lawsuit has been filed on behalf of investors who purchased Argo Group International Holdings, Ltd. (ARGO) securities between February 13, 2018, and August 9, 2022. For more on the ARGO Lawsuit please contact us today.
According to the Argo lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Argo’s reserves were wholly inadequate and its underwriting standards were not prudent as was represented; (ii) Argo had dramatically changed its underwriting policies on certain U.S. construction contracts as far back as 2018; and (iii) these policies were underwritten outside of the Company’s “core” business including in certain states and for certain exposures that were far riskier than investors understood and that the Company no longer would service moving forward.
If you suffered a loss in Argo you have until December 20, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171