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Argo Deadline Alert
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceed...
About this update from Argo Graphene Solutions Corp.
[{"type":"text","content":"Argo Deadline AlertSecurities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Argo To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - December 18, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Argo Group International Holdings, Ltd. (\"Argo\" or the \"Company\") (NYSE: ARGO) and reminds investors of the December 20, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $100,000 investing in Argo stock or options between February 13, 2018 and August 9, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/ARGO.There is no cost or obligation to you.Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the lawsuit alleges that throughout the Class Period, Defendants touted that they closely monitored Argo's underwriting policies and had the ability to set appropriate reserves. Argo cultivated a narrative that it had a long history of successfully managing its reserves and that the Company had a \"prudent reserving philosophy.\"However, this narrative created by Argo was false and misleading. Argo's reserves were wholly inadequate, its underwriting standards were not prudent as represented, and Argo had dramatically changed its underwriting policies on certain U.S. construction contracts as far back as 2018. Further, these policies were underwritten outside of the Company's \"core\" business including in certain states and for certain exposures that were far riskier than investors understood and that the Company no longer would service moving forward.The truth was partially disclosed on February 8, 2022, when Argo reported that its fourth quarter results for 2021 would be negatively impacted by $130 to $140 million worth of prior year reserve development and non-operating charges. The Company admitted th...