James River (JRVR) Internal Control Setback Case

S.D. New York

Court

1:23-cv-10000

Case number

08/07/2023

Class period Start

11/07/2023

Class period End

01/12/2024

Lead Plaintiff motion deadline

On Nov 8, 2023, James River revealed an accounting error, leading to overstatements in net income.
$JRVR dropped 7%, wiping out $37M of its shareholder value. 
The first Investor filed a complaint against JR for concealing internal control problems.
James River revealed a financial error in its Q2 2023 statements, causing overstatements in net income and revealing internal control weaknesses.

This news caused a $JRVR fall by 7% and ~$37 million loss of market capitalization, damaging shareholders.

Given all this information, investors have reason to suspect that JRVR didn't disclose its internal control problems and misled about the financial state of the company.

Case Status

Motion to dismiss

Alleged Offence

Mismanagement,

Misleading Statements,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

11/08/2023

Filing date

11/13/2023

Lead Plaintiff Deadline

01/12/2024

Judge

Hon. Lewis J. Liman

James River (JRVR) Internal Control Setback Case

Collecting participants…