close

The Law Offices of Frank R. Cruz Announces Investigation of Argo Group International Holdings, Ltd. (ARGO) on Behalf of Investors

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

The Law Offices of Frank R. Cruz announces an investigation of Argo Group International Holdings, Ltd. (“Argo” or the “Company”) (NYSE: ARGO) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On February 8, 2022, Argo issued a press release disclosing that its results for the fourth quarter of 2021 would be “negatively affected by adverse prior year reserve development and non-operating charges.” Specifically, Argo expects “net adverse prior year reserve development to be in the range of $130 million to $140 million.” The Company explained that the largest reserve increases were due to construction defect claims within Argo’s U.S. Operations and reserve increases in the run-off segment.

On this news, Argo’s stock fell $7.01, or 13.7%, to close at $44.10 per share on February 9, 2022, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Argo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  267.02
-1.44 (-0.54%)
AAPL  309.25
+4.25 (1.40%)
AMD  467.65
+18.06 (4.02%)
BAC  51.85
+0.36 (0.71%)
GOOG  379.59
-3.88 (-1.01%)
META  609.96
+2.58 (0.42%)
MSFT  419.04
-0.05 (-0.01%)
NVDA  215.06
-4.45 (-2.03%)
ORCL  192.60
+2.83 (1.49%)
TSLA  427.59
+9.74 (2.33%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Starting at $3.75/week.

Subscribe Today