James River Group Holdings, Ltd. (JRVR) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline

Rhea-AI Summary

Levi & Korsinsky announced a $30 million settlement fund for shareholders in a class action lawsuit against James River Group Holdings (NASDAQ: JRVR). The class includes those who bought JRVR stock from February 22, 2019, to October 25, 2021, and suffered damages. Eligible members must file a claim by June 25, 2024, to receive a share of the settlement. The firm, known for its success in high-stakes securities litigation, did not participate in the lawsuit but is providing this information to ensure timely filing. More details and claim forms are available at Levi & Korsinsky's website.

Positive

• $30 million settlement fund established for class members.
• Eligible shareholders can receive a pro-rata share of the settlement.
• Levi & Korsinsky has a strong track record in securing settlements for shareholders.
• The settlement aims to compensate those who suffered financial damages from JRVR stock.

Negative

• The settlement pertains to damages suffered by shareholders, indicating issues in JRVR's past performance.
• Shareholders have a time to file claims, with a deadline on June 25, 2024.
• The settlement may reflect underlying financial or operational problems within James River Group during the specified period.

NEW YORK, NY / ACCESSWIRE / June 6, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against James River Group Holdings, Ltd. (NASDAQ: JRVR). The settlement provides for a fund of $30,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all persons or entities who purchased or otherwise acquired James River common stock during the period from February 22, 2019 through October 25, 2021, inclusive, and who were damaged thereby.

If you are a class member as defined above, you may be entitled to a pro-rata share of the settlement fund. In order to receive a share of the settlement, you must file a claim form by June 25, 2024.

For more details on the settlement, including a copy of the claim form, please visit: https://zlk.com/settlement-form/?redirect=aHR0cHM6Ly96bGsuY29tL3NldHRsZW1lbnQvamFtZXMtcml2ZXItZ3JvdXAtaG9sZGluZ3MtbHRkLXNldHRsZW1lbnQ=&spr=524&wire=1&ticker=JRVR

Levi & Korsinsky did not act as lead counsel or otherwise participate in litigating the above class action. We are providing this information as a courtesy to remind class members of the claims deadline so they can file their forms in a timely fashion.

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press release on accesswire.com

FAQ

What is the deadline for filing a claim in the JRVR settlement?

The deadline for filing a claim is June 25, 2024.

How much is the settlement fund for JRVR shareholders?

The settlement fund amounts to $30 million.

Who is eligible for the JRVR settlement?

Anyone who purchased JRVR stock between February 22, 2019, and October 25, 2021, and suffered damages.

Where can I find the claim form for the JRVR settlement?

The claim form can be found on Levi & Korsinsky's website.