James River Group wins dismissal of securities class action with prejudice

James River Group Holdings, Inc.

U.S. District Court (SDNY) dismissed with prejudice the class action filed Nov 13, 2023 by Paul Glantz.
Plaintiff alleged artificially inflated stock price from May 2 to Nov 7, 2023 due to improper reinsurance accounting.
Dismissal with prejudice; appeal deadline is February 24, 2025.
The lawsuit sought damages under Sections 10(b) and 20(a) of the Exchange Act.

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