{"id":1015366,"date":"2026-10-29T13:22:03","date_gmt":"2026-10-29T17:22:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-everest-group-ltd-eg\/"},"modified":"2026-10-29T13:22:03","modified_gmt":"2026-10-29T17:22:03","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-everest-group-ltd-eg","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-everest-group-ltd-eg\/","title":{"rendered":"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Everest Group, Ltd. (EG)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Oct.  29, 2026  (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Everest Group, Ltd. (\u201cEverest\u201d or the \u201cCompany\u201d) (NYSE: EG) securities between February 8, 2024 and October 27, 2025, inclusive (the \u201cClass Period\u201d). The class action charges Everest and certain of Everest\u2019s top executives with violations of the Securities Exchange Act of 1934.<\/p>\n<p align=\"justify\">The Complaint alleges that Defendants failed to disclose to investors that: (a) Everest remained materially exposed to and concentrated in casualty risks subject to escalating claim costs, including business Defendants claimed Everest had reduced or exited; (b) Everest had inadequately priced portions of that business; (c) Everest\u2019s reserves were insufficient, causing it to understate its liabilities and expenses and materially overstate its earnings; and (d) addressing these problems would require substantial reserve charges, protection against further adverse development, and reductions in Everest\u2019s casualty business, thereby sacrificing recurring premium revenue.<\/p>\n<p align=\"justify\">The Complaint alleges that the truth began to emerge after the market closed on October 30, 2024, when Everest released its third quarter results. The Complaint alleges that Everest disclosed that loss activity in its U.S. casualty business had \u201cdefinitely spiked\u201d and that rate increases had accelerated into the high teens. The Complaint continues to allege that management also said it was becoming \u201cincreasingly cautious\u201d and declining to renew underperforming accounts, particularly in real estate, habitational, and leisure classes exposed to social inflation. The Complaint alleges that Everest further disclosed that its annual casualty reserve review was underway and would be completed during the fourth quarter. The Complaint continues to allege that analysts warned that the review could produce a reserve charge, with Raymond James initially estimating a charge of up to $360 million. The Complaint alleges that defendants nevertheless maintained that rates exceeded expected loss trends, Everest wrote business only where pricing was adequate, and its underwriting actions would improve margins and profitability. The Complaint alleges that in response to these disclosures, Everest\u2019s stock price fell 6.4% on October 31, 2024.\u00a0<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/>Investors who purchased or otherwise acquired shares of Everest should contact the Firm prior to the <strong><em>December 28, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna &amp; Egleston at (212) 983-1300, or via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2N-5b3Vv63VvU3iqSKtMUZxd0rvTXGGbgd-r0nj2ckHuhNkcuBrQiakTUNTk0FESerJtTHe08PRxsXg7TfK0knWfa_ysr5dWNSt5o8qL_rY=\" rel=\"nofollow\" target=\"_blank\"><u>tjmckenna@gme-law.com<\/u><\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CtLo1yY5mQZl8ll1k1l-TswFwkWdh_ptw8f1PJqXpojg9YRA9PazoQk-rR3DbY9VEdAY3yjwPbFW39ZcwY0jtKormL-NOVfgykNUtQaXw6Q=\" rel=\"nofollow\" target=\"_blank\"><u>gegleston@gme-law.com<\/u><\/a>.<\/p>\n<p align=\"justify\">Please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2YqYlomdk5-swW34X_GbIbOAl2wL0gaJtTF0ZLr458cUWLwgN2416DB0cvtQFOx-tzjsk_ONKnWX_jJiCU8yHOHUpHHPAnSK0mMPTQ5Opvw=\" rel=\"nofollow\" target=\"_blank\"><u>http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1NjM0OSM3OTI0OTE1IzIwMTc3MDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NTc1NjYwM2MtYjM0Yy00NDA1LWI2ZjItNTFjMjkxNGI2MGViLTEwMjkyNzQtMjAyNi0xMC0yOS1lbg==\/tiny\/Gainey-McKenna-Egleston.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Everest Group, Ltd. (\u201cEverest\u201d or the \u201cCompany\u201d) (NYSE: EG) securities between February 8, 2024 and October 27, 2025, inclusive (the \u201cClass Period\u201d). The class action charges Everest and certain of Everest\u2019s top executives with violations of the Securities Exchange Act of 1934. The Complaint alleges that Defendants failed to disclose to investors that: (a) Everest remained materially exposed to and concentrated in casualty risks subject to escalating claim costs, including business Defendants claimed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-everest-group-ltd-eg\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Everest Group, Ltd. (EG)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1015366","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Everest Group, Ltd. (EG) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-everest-group-ltd-eg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Everest Group, Ltd. (EG) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Everest Group, Ltd. (\u201cEverest\u201d or the \u201cCompany\u201d) (NYSE: EG) securities between February 8, 2024 and October 27, 2025, inclusive (the \u201cClass Period\u201d). The class action charges Everest and certain of Everest\u2019s top executives with violations of the Securities Exchange Act of 1934. The Complaint alleges that Defendants failed to disclose to investors that: (a) Everest remained materially exposed to and concentrated in casualty risks subject to escalating claim costs, including business Defendants claimed &hellip; Continue reading &quot;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Everest Group, Ltd. 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