The Police & Fire Retirement System City of Detroit v. Argo Group International Holdings, Inc. et al

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Case Number:

1:22-cv-08971

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Lewis A. Kaplan

Firms

Companies

Sectors & Industries:

  1. January 18, 2023

    Grant & Eisenhofer To Rep Argo Investors In Underwriting Suit

    Grant & Eisenhofer PA will represent a proposed class of investors in a suit alleging specialty insurance underwriter Argo Group International Holdings Ltd. and its executives failed to provide its shareholders with adequate information about its reserves, hurting investors as trading prices for its shares fell as it was forced to provide adverse details about its finances.

  2. October 21, 2022

    Argo's Underwriting Flaws Caused 60% Stock Drop, Suit Says

    Argo Group International Holdings was hit with a proposed class action on Thursday from an investor that claims the insurance firm and its current and former executives overhyped its underwriting practice and made false statements about the firm's ability to manage its reserves, leading to a 60% share price drop when the truth came to light.