Security Investigation

Argo Group International Holdings, Ltd. (NYSE: ARGO)

14 Days left to seek lead plaintiff status.

Company Name:Argo Group International Holdings, Ltd.
Stock Symbol:NYSE: ARGO
Court:Southern District of New York
Class Period Start:02/13/2018
Class Period End (inclusive):08/09/2022
Filing Deadline:12/19/2022

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 19, 2022 to file lead plaintiff applications in a securities class action lawsuit against Argo Group International Holdings, Ltd. (NYSE: ARGO).

Argo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On August 8, 2022, the Company disclosed that it had entered into a Loss Portfolio Transfer agreement with a wholly owned subsidiary of Enstar Group Limited covering a majority of the company’s U.S. casualty insurance reserves and that it anticipated recognizing an after-tax charge of approximately $100 million in connection with the transaction in the third quarter of 2022.

On this news, shares of Argo stock plummeted approximately 28%, from a closing price of $32.22 per share on August 8, 2022 to a closing price of $23.10 per share on August 10, 2022.

If you purchased shares of Argo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is The Police & Fire Retirement System City of Detroit v. Argo Group International Holdings, Inc., Thomas A. Bradley, Scott Kirk, Kevin J. Rehnberg, Mark E. Watson, III and Jay S. Bullock, 1:22-cv-08971.

Click here to read the first filed complaint.