secwatch.observer — SEC 8-K summary
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Issuer:     PROASSURANCE CORP (PRA)
CIK:        0001127703
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001910277-23-000018
Event type: litigation
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ProAssurance files proposed settlement in shareholder lawsuit; insurer to fund payment
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- Unopposed motion filed June 22, 2023 to settle Sheet Metal Workers Local 19 Pension Fund class action.
- Defendants deny all wrongdoing; settlement to eliminate burden and expense of further litigation.
- Payment fully funded by available insurance coverage; no impact on ProAssurance's operating results.
- Proposed settlement subject to approval by U.S. District Court for Northern District of Alabama.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127703/000191027723000018/0001910277-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127703/000191027723000018/pra-20230628.htm
  HTML page:      https://secwatch.observer/filing/0001910277-23-000018

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