{"id":511933,"date":"2021-07-12T12:59:58","date_gmt":"2021-07-12T16:59:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/"},"modified":"2021-07-12T12:59:58","modified_gmt":"2021-07-12T16:59:58","slug":"jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/","title":{"rendered":"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd."},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, July  12, 2021  (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of James River Group Holdings, Ltd. (&#8220;James River&#8221; or the &#8220;Company&#8221;) (NASDAQ: JRVR) from August 1, 2019 through May 6, 2021 (the &#8220;Class Period&#8221;). The lawsuit filed in the United States District Court for the Eastern District of Virginia alleges violations of the Securities Act of 1934.<\/p>\n<p>If you\u00a0<strong>purchased James River securities, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xBnDJ03u63DyGxSYQLzlU_ngSUVW3hAvWYEcOU1tNgwPUzqyoJt6CULD1rKKQN7W1Nb9Ex_gr-HWYvZWQZMl57UtxfJUI41vf9a77PQNocrl8rb8Usia16dTuKyz9M6t1FzOezPoSxNu8m8Xv7XTSAcBYxsJCVBy7iSeoCiWVK36odAkza5t_dr2B-qEKAXRrtpSCJJzJLmdoE4YnOm3ROOGhpx2KuHZmfGqjYY_KZANQbkD_xfnQzLrJJPTuivm\" rel=\"nofollow noopener\" target=\"_blank\">James River Shareholder Class Action Lawsuit\u00a0<\/a>or contact\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tEY0094JHYmZNmDYXI0ggN0_QcOfTYlkzVW9Q9mwIedAM3O9Hg9YXG7O-MQCITa2nbsVvItwsFIfTrXRA4nmzQ==\" rel=\"nofollow noopener\" target=\"_blank\">Rujul<\/a> Patel\u00a0toll free at\u00a0<strong>(877) 779-1414<\/strong>\u00a0or\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NjPO1GKwqQWuWVnY9Y46JeomE52JAnOzuygr5pUuGqH8DkvwkyTleLkCLduCRVvfxTEEd8uzdY3IEoQgMd2TAZSLcXshaWG_muCWK6UYbBQ=\" rel=\"nofollow noopener\" target=\"_blank\">rpatel@bernlieb.com<\/a><\/p>\n<p>The complaint alleges that, throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) James River had not adequately reserved for its Uber policies; (2) James River was using an incorrect methodology for setting reserves that materially understated its true exposure to Uber claims; (3) as a result, the Company was forced to increase its unfavorable reserves in subsequent quarters, even after cancelling the Uber policies; and (4) as a result of the foregoing, Defendants\u2019 statements about James River\u2019s business, operations, and prospects were materially false and\/or misleading and\/or lacked a reasonable basis.<\/p>\n<p>On October 8, 2019, James River disclosed it had delivered a notice of early cancellation of all policies issued to its largest customer, Rasier LLC, a subsidiary of Uber. On this news, James River\u2019s stock price fell $11.06 per share, or over 23% to close at $37.88 per share on October 9, 2021. On May 5, 2021, the Company announced its first quarter 2021 financial results, reporting $170 million of \u201cunfavorable development in Commercial Auto, primarily driven by a previously canceled account that has been in runoff since 2019.\u201d On this news, James River\u2019s stock price fell over 26% per share to close at $33.94 per share on May 6, 2021.<\/p>\n<p>If you wish to serve as lead plaintiff, you must move the Court no later than September 7, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn\u2019t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n<p>If you\u00a0<strong>purchased James River securities, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uWYNIad24SluU8qjjEWZNDhEtu7tIpOz4L4LZyvU4MdRtyEHATnZ5BMON8L3z6GJT8fJnXkDSZankPCIKXpJvFgxizel7cPcbNwjhF0Z_Fxewt9eIY8NpznqnHlzbqBccMGpGCh48Kx2lWePlWeDdJM-cwURzEU2zTRZsOcmI3_PAqlBYe1yW4mey8LO87qU3YMtumKghOfnShX-RLKuh2NHhvvw4vdhyPUZGZw4Mk6-lesYCLw99rT8QfWLG34l1BejlpLPoR5c14DJcoL2xOO1bYfI-fvakxB1iwh0tIVnh7IA3Bn8MyriAmD-P0_KN-c7ARdd_Zx8a90KBvTTprCGaBt7segknT-D_xVLiLc=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.bernlieb.com\/cases\/jamesrivergroupholdingsltd-jrvr-shareholder-class-action-lawsuit-fraud-stock-411\/apply\/<\/a> or contact\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OkWYdznYV-kNxR6BzOwWuBCHcVCr7aClIKTiixO9UsWtye80fx3cT9g3famDpK3-sK51Xul7N-CkljaXV4AGtA==\" rel=\"nofollow noopener\" target=\"_blank\">Rujul Patel\u00a0<\/a>toll free at\u00a0<strong>(877) 779-1414<\/strong>\u00a0or\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NjPO1GKwqQWuWVnY9Y46JVur0aF2YzCCUhVCa5AfmwMdZ8rV0AbTAUu2Y-q5CT1ym06NF092WgY31neWwMZlLJ1ovtFHaBFUH2OuaLNPHgM=\" rel=\"nofollow noopener\" target=\"_blank\">rpatel@bernlieb.com<\/a><\/p>\n<p>Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n<p>ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information<\/p>\n<p>Rujul Patel<br \/>Bernstein Liebhard LLP<br \/>https:\/\/www.bernlieb.com<br \/>(877) 779-1414<br \/>rpatel@bernlieb.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODkyMiM0MjkzMDAxIzIwMjkzNDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/47020bbe-7148-44bd-a271-b39d043026ce\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, July 12, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of James River Group Holdings, Ltd. (&#8220;James River&#8221; or the &#8220;Company&#8221;) (NASDAQ: JRVR) from August 1, 2019 through May 6, 2021 (the &#8220;Class Period&#8221;). The lawsuit filed in the United States District Court for the Eastern District of Virginia alleges violations of the Securities Act of 1934. If you\u00a0purchased James River securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0James River Shareholder Class Action Lawsuit\u00a0or contact\u00a0Rujul Patel\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0rpatel@bernlieb.com The complaint alleges that, throughout the Class Period, Defendants made &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd.&#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-511933","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>JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd. - 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\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, July 12, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of James River Group Holdings, Ltd. (&#8220;James River&#8221; or the &#8220;Company&#8221;) (NASDAQ: JRVR) from August 1, 2019 through May 6, 2021 (the &#8220;Class Period&#8221;). The lawsuit filed in the United States District Court for the Eastern District of Virginia alleges violations of the Securities Act of 1934. If you\u00a0purchased James River securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0James River Shareholder Class Action Lawsuit\u00a0or contact\u00a0Rujul Patel\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0rpatel@bernlieb.com The complaint alleges that, throughout the Class Period, Defendants made &hellip; Continue reading &quot;JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T16:59:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODkyMiM0MjkzMDAxIzIwMjkzNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd.\",\"datePublished\":\"2021-07-12T16:59:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\\\/\"},\"wordCount\":587,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3ODkyMiM0MjkzMDAxIzIwMjkzNDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\\\/\",\"name\":\"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd. - 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(&#8220;James River&#8221; or the &#8220;Company&#8221;) (NASDAQ: JRVR) from August 1, 2019 through May 6, 2021 (the &#8220;Class Period&#8221;). The lawsuit filed in the United States District Court for the Eastern District of Virginia alleges violations of the Securities Act of 1934. If you\u00a0purchased James River securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0James River Shareholder Class Action Lawsuit\u00a0or contact\u00a0Rujul Patel\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0rpatel@bernlieb.com The complaint alleges that, throughout the Class Period, Defendants made &hellip; Continue reading \"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-12T16:59:58+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODkyMiM0MjkzMDAxIzIwMjkzNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd.","datePublished":"2021-07-12T16:59:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/"},"wordCount":587,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODkyMiM0MjkzMDAxIzIwMjkzNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/jrvr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-james-river-group-holdings-ltd\/","name":"JRVR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd. - 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