NEW YORK, NY / ACCESSWIRE / July 7, 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=7801&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.
Grand Canyon Education, Inc. (NASDAQ:LOPE)
CONTACT JAKUBOWITZ ABOUT LOPE:
https://claimyourloss.com/securities/grand-canyon-education-inc-loss-submission-form/?id=7801&from=1
Class Period : January 5, 2018 - January 27, 2020
Lead Plaintiff Deadline : July 13, 2020
According to a filed complaint, statements made by Defendants were false and/or misleading because, following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.
Forescout Technologies, Inc. (NASDAQ:FSCT)
CONTACT JAKUBOWITZ ABOUT FSCT:
https://claimyourloss.com/securities/forescout-technologies-inc-loss-submission-form/?id=7801&from=1
Class Period : February 6, 2020 - May 15, 2020
Lead Plaintiff Deadline : August 10, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout's planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants' statements about its business and operations 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/596558/Lawsuits-Filed-Against-PRA-LOPE-and-FSCT--Jakubowitz-Law-Pursues-Shareholders-Claims
