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PRA.US
id: 766

ProAssurance (PRA) $28M Shareholder Settlement

Late claims are being considered for compensation, subject to approval.
N.D. Alabama
Court
2:20-cv-00856
Case number
08/08/2018
Class period Start
05/07/2020
Class period End
11/30/2023
Claim deadline
ProAssurance (PRA) settles $28 million with investors to end the lawsuit over an alleged breach of fiduciary duties by issuing high-risk policies to a physician staffing firm.

Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Malpractice, 
Breach of Fiduciary duty, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
1.84
Filing date
06/16/200
Plaintiffs
Central Laborers' Pension Fund
Attorneys
Cavanagh & O'Hara (Springfield, IL), Guin, Stokes & Evans, LLC (Birmingham, AL), Robbins Geller Rudman & Dowd LLP (Boca Raton, FL), Roger Bedford, Attorney at Law, LLC (Russellville, AL), Saxena White P.A. (White Plains, NY)
Defendants
W. Stancil Starnes, Edward L. Rand, Jr., Dana S. Hendricks, Howard H. Friedman, Michael L. Boguski
Judge
Hon. Gray M Borden
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-06-22
Court hearing date
01/17/2024
Exclusion deadline
12/22/2023
Objection deadline
12/22/2023
Hearing deadline
12/22/2023
Trades matching type
FIFO
+$28,000,000
Cash Settlement Amount

ProAssurance Corporation

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casu...

    Ticker
    PRA.US
    ISIN
    US74267C1062
    CIK
    1127703
    Sector
    Financial Services
    Industry
    Insurance - Property & Casualty
    Country
    USA
    Address
    100 Brookwood Place, Birmingham, AL, United States, 35209