{"id":407055,"date":"2020-12-31T18:18:35","date_gmt":"2020-12-31T23:18:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407055"},"modified":"2020-12-31T18:18:35","modified_gmt":"2020-12-31T23:18:35","slug":"kaskela-law-llc-announces-stockholder-investigation-of-hallmark-financial-services-inc-hall-and-encourages-long-term-stockholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kaskela-law-llc-announces-stockholder-investigation-of-hallmark-financial-services-inc-hall-and-encourages-long-term-stockholders-to-contact-the-firm\/","title":{"rendered":"Kaskela Law LLC Announces Stockholder Investigation of Hallmark Financial Services, Inc. (HALL) and Encourages Long-Term Stockholders to Contact the Firm"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n PHILADELPHIA<\/span>, Dec. 31, 2020<\/span> \/PRNewswire\/ — Kaskela Law LLC announces that it is investigating Hallmark Financial Services, Inc. (“Hallmark” or the “Company”) (NASDAQ: HALL) on behalf of the Company’s stockholders.\u00a0 <\/p>\n

\n
\n Current <\/i>
\n <\/b>
\n
\n Hallmark <\/i>
\n <\/b>
\n
\n s<\/i>
\n <\/b>
\n
\n tockholders who purchased or acquired shares of\u00a0 Hallmark’s common stock <\/i>
\n <\/b>
\n
\n
\n prior to March 5, 2019<\/span><\/u>
\n <\/i>
\n <\/b>
\n
\n \u00a0are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.<\/span>) at (484) 258 \u2013 1585, or by email at skaskela@kaskelalaw.com<\/a>\u00a0or online at http:\/\/kaskelalaw.com\/case\/hallmark-financial-services-inc\/<\/a>, for additional information about this investigation and their legal rights and options.\u00a0 <\/i>
\n <\/b>\n <\/p>\n

Recently an amended shareholder securities fraud complaint was filed against Hallmark and certain of the Company’s senior executive officers on behalf of investors who purchased shares of Hallmark’s common stock between March 5, 2019<\/span> and March 17<\/span>, 2020.\u00a0 According to the complaint, during that time period, although publicly representing that the Company’s loss reserve process was sufficient and accurate, Hallmark (i) was deliberately and systematically manipulated and understated loss reserves in order to overstate its reported net income and (ii) lacked effective internal accounting controls to prevent such manipulation.<\/p>\n

\n
\n The complaint further alleges that, during March 2020<\/span>, shares of Hallmark’s common stock declined more than 78% in value after the Company issued a series of negative disclosures concerning its loss reserves.<\/i>
\n <\/b>\n <\/p>\n

The firm’s investigation seeks to determine whether the members of Hallmark’s board of directors breached their fiduciary duties to the Company and its stockholders in connection with the above alleged misconduct.<\/p>\n

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation.\u00a0 For additional information about Kaskela Law LLC please visit www.kaskelalaw.com<\/a>.\u00a0 <\/p>\n

\n CONTACT:
<\/b>D. Seamus Kaskela, Esq.<\/span>
KASKELA LAW LLC
<\/b>18 Campus Blvd., Suite 100
Newtown Square, PA<\/span> 19073
(484) 258 \u2013 1585
(888) 715 \u2013 1740
www.kaskelalaw.com<\/a>
skaskela@kaskelalaw.com<\/a><\/p>\n

This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/kaskela-law-llc-announces-stockholder-investigation-of-hallmark-financial-services-inc-hall-and-encourages-long-term-stockholders-to-contact-the-firm-301199800.html<\/a><\/p>\n

SOURCE Kaskela Law LLC<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire PHILADELPHIA, Dec. 31, 2020 \/PRNewswire\/ — Kaskela Law LLC announces that it is investigating Hallmark Financial Services, Inc. (“Hallmark” or the “Company”) (NASDAQ: HALL) on behalf of the Company’s stockholders.\u00a0 Current Hallmark s tockholders who purchased or acquired shares of\u00a0 Hallmark’s common stock prior to March 5, 2019 \u00a0are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 \u2013 1585, or by email at skaskela@kaskelalaw.com\u00a0or online at http:\/\/kaskelalaw.com\/case\/hallmark-financial-services-inc\/, for additional information about this investigation and their legal rights and options.\u00a0 Recently an amended shareholder securities fraud complaint was filed against Hallmark and certain of the Company’s senior executive officers on behalf of investors who purchased shares of Hallmark’s common stock between March 5, 2019 … <\/p>\n

Continue reading “Kaskela Law LLC Announces Stockholder Investigation of Hallmark Financial Services, Inc. (HALL) and Encourages Long-Term Stockholders to Contact the Firm”<\/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-407055","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKaskela Law LLC Announces Stockholder Investigation of Hallmark Financial Services, Inc. (HALL) and Encourages Long-Term Stockholders to Contact the Firm - 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\/kaskela-law-llc-announces-stockholder-investigation-of-hallmark-financial-services-inc-hall-and-encourages-long-term-stockholders-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kaskela Law LLC Announces Stockholder Investigation of Hallmark Financial Services, Inc. (HALL) and Encourages Long-Term Stockholders to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire PHILADELPHIA, Dec. 31, 2020 \/PRNewswire\/ — Kaskela Law LLC announces that it is investigating Hallmark Financial Services, Inc. (“Hallmark” or the “Company”) (NASDAQ: HALL) on behalf of the Company’s stockholders.\u00a0 Current Hallmark s tockholders who purchased or acquired shares of\u00a0 Hallmark’s common stock prior to March 5, 2019 \u00a0are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 \u2013 1585, or by email at skaskela@kaskelalaw.com\u00a0or online at http:\/\/kaskelalaw.com\/case\/hallmark-financial-services-inc\/, for additional information about this investigation and their legal rights and options.\u00a0 Recently an amended shareholder securities fraud complaint was filed against Hallmark and certain of the Company’s senior executive officers on behalf of investors who purchased shares of Hallmark’s common stock between March 5, 2019 … Continue reading "Kaskela Law LLC Announces Stockholder Investigation of Hallmark Financial Services, Inc. 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