An investigation on behalf of current long term investors in Kingstone Companies, Inc. (NASDAQ: KINS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/30/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Kingstone Companies, Inc..
Investors who are current long term investors in Kingstone Companies, Inc. (NASDAQ: KINS) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: KINS stocks follows a lawsuit filed against Kingstone Companies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: KINS stocks, concerns whether certain Kingstone Companies directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that the Company did not adequately follow industry best practices related to claims handling, that, as a result, the Company did not record sufficient claims reserves, that the Company lacked adequate internal control over financial reporting, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Kingstone Companies, Inc. (NASDAQ: KINS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.