Flawed underwriting caused 60% stock drop, Argo investor suit claims

25 October 2022

Argo Group has been sued by investors, who claim the company has engaged in inadequate underwriting and misrepresentation of facts which resulted in a 60% drop in the specialty carrier’s common stock value this year.

The price drop, which mainly took place between February and August, followed the company’s announcement of adverse prior year developments.

According

Enter your e-mail to claim a free trial: