Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

1

Closed

0

Total Settlement

$28M

PROASSURANCE CORP (PRA) Class Action Lawsuit (June 2020)

Settlement

2:20cv856 • June 16, 2020

Class Period Start

August 7, 2018

Class Period End

August 5, 2020

PSLRA Deadline

August 17, 2020

Case Allegations

10b5

Statutes of Repose

Aug 7, 2021

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

November 30, 2023

Settlement Fund

$28,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired ProAssurance Corporation (“ProAssurance”) common stock during the period between August 8, 2018 and May 7, 2020, inclusive.

Claim Administrator

Gilardi & Co. LLC
ProAssurance Securities Settlement Claims Administrator c/o Gilardi & Co. LLC P.O. Box 30113 Los Angeles, CA 90030-1133
+1 866-716-1091
[email protected]

Hearing Date

January 17, 2024

Opt-out Deadline

December 22, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 17, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Aug 25, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Aug 25, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jun 22, 2023

Proposed Settlement

Apr 1, 2022

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

View all Updates

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