PRA.US
id: 766
ProAssurance (PRA) $28M Shareholder Settlement
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
N.D. Alabama
Court2:20-cv-00856
Case number08 Aug 2018
Class period Start07 May 2020
Class period End30 Nov 2023
Claim deadlineProAssurance (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
16 June 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
17 January 2024
Exclusion deadline
22 December 2023
Objection deadline
22 December 2023
Hearing deadline
22 December 2023
Trades matching type
FIFO
+$28,000,000
Cash Settlement Amount