litigation
confidence medium
sentiment neutral
materiality 0.50
James River reaches agreement in principle to settle securities class action; insurers to pay
James River Group Holdings, Inc.
- Agreement in principle reached Dec. 7, 2023 to settle Employees’ Retirement Fund of the City of Fort Worth v. James River Group Holdings, Ltd., Case 3:21-cv-00444-DJN.
- Full settlement amount will be paid by Company’s insurance carriers under applicable policies.
- Settlement is subject to final documentation, court approval, and other conditions; final closure may take months.