Shareholders Foundation, Inc.

NYSE:PRA Long Term Investor Alert: Investigation of Potential Wrongdoing at ProAssurance Corporation

Certain directors of ProAssurance Corporation are under investigation concerning potential breaches of fiduciary duties.

 

San Diego, CA -- (SBWIRE) -- 10/01/2020 -- Investors who are current long term investors in ProAssurance Corporation (NYSE: PRA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: PRA stocks follows a lawsuit filed against ProAssurance Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PRA stocks, concerns whether certain ProAssurance directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that ProAssurance lacked adequate underwriting process and risk management controls necessary to set appropriate loss reserves in its Specialty P&C segment, that ProAssurance failed to properly assess a large national healthcare account that experienced losses far exceeding the assumptions made when the account was underwritten, and that as a result, ProAssurance was subject to a materially heightened risk of financial loss and reserve charges.

Those who purchased shares of ProAssurance Corporation (NYSE: PRA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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.