Bronstein, gewirtz & grossman, llc notifies argo group international holdings, ltd. (argo) investors of investigation
New york--(business wire)--attorney advertising--bronstein, gewirtz & grossman, llc is investigating potential claims on behalf of purchasers of argo group international holdings, ltd. (“argo” or the “company”) (nyse: argo). investors who purchased argo shares are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/argo. the investigation concerns whether argo and certain of its officers and/or directors have violated federal securities laws. on february 8, 2022, argo announced that its results for the fourth quarter of 2021 will be negatively affected by adverse prior year reserve development and non-operating charges. specifically, the company expects net adverse prior year reserve development to be $130 million to $140 million for the quarter, the largest of which increases were related to construction defect claims within argo’s u.s. operations and reserve increases in the run-off segment. in addition, argo disclosed an expected goodwill and intangible assets charge of $40 million to $45 million for the quarter, related to argo’s syndicate 1200 business unit. on this news, argo’s stock price fell sharply during intraday trading on february 9, 2022. if you are aware of any facts relating to this investigation or purchased argo shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/argo. you can also contact peretz bronstein or his investor relations analyst, yael nathanson of bronstein, gewirtz & grossman, llc: 212-697-6484. bronstein, gewirtz & grossman, llc is a corporate litigation boutique. our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. in addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. attorney advertising. prior results do not guarantee similar outcomes.
ARGO Ratings Summary
ARGO Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission