NEW YORK, NY / ACCESSWIRE / June 25, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
ProAssurance Corporation (NYSE:PRA)
CONTACT JAKUBOWITZ ABOUT PRA:
https://claimyourloss.com/securities/proassurance-corporation-loss-submission-form/?id=7558&from=1
Class Period: April 26, 2019 - May 7, 2020
Lead Plaintiff Deadline: August 17, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) ProAssurance lacked adequate underwriting process and risk management controls necessary to set appropriate loss reserves in its Specialty P&C segment; (ii) ProAssurance failed to properly assess a large national healthcare account that experienced losses far exceeding the assumptions made when the account was underwritten; and (iii) as a result, ProAssurance was subject to materially heightened risk of financial loss and reserve charges.
Colony Capital, Inc. (NYSE:CLNY)
CONTACT JAKUBOWITZ ABOUT CLNY:
https://claimyourloss.com/securities/colony-capital-inc-loss-submission-form/?id=7558&from=1
Class Period: August 9, 2019 - May 7, 2020
Lead Plaintiff Deadline: July 27, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Colony's sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate's portfolio were foreseeably likely to negatively impact Colony's financial and operating results; (ii) certain of Colony's remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at a significant risk of default; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Enphase Energy, Inc. (NASDAQ:ENPH)
CONTACT JAKUBOWITZ ABOUT ENPH:
https://claimyourloss.com/securities/enphase-energy-inc-loss-submission-form/?id=7558&from=1
Class Period: February 26, 2019 - June 17, 2020
Lead Plaintiff Deadline: August 17, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company's reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
SOURCE: Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/595254/LAWSUITS-FILED-AGAINST-PRA-CLNY-and-ENPH--JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS
