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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
Court
2:20-cv-00856
Case number
08 Aug 2018
Class period Start
07 May 2020
Class period End
30 Nov 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.

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
Total 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