SHAREHOLDER ALERT: Block & Leviton LLP Investigating J2 Global, Inc. for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm

BOSTON, MA / ACCESSWIRE / June 30, 2020 / On June 30, 2020, analyst Hindenburg Research issued a series of tweets and published a report regarding J2 Global, Inc. (NASDAQ:JCOM) entitled "J2 Global: Troubling Related Party Transactions, Looming Impairments and a Suspicious History of Insider Enrichment Spanning Decades."

In its report, Hindenburg writes that "J2's opaque acquisition approach has opened the door to egregious insider self-enrichment, which we approximate totals $117 million to $172 million based on publicly available information." Hindenburg continued that J2 had recently committed $200 million of shareholder cash to a newly-formed investment vehicle run by its Chairman, who has a track record of venture investment failures. Hindenburg further stated that it found decades of intertwined financial interests between board members and executives, calling several of J2's directors' independence into question. Hindenburg also raised "tricky accounting," noting that J2 has never taken a goodwill impairment, yet the Company's subsidiaries have reported multiple material goodwill impairments that do not appear to coincide with J2's financials.

On this news, J2 Global's shares are down over 8% in intraday trading.

Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, is investigating whether J2 Global and certain of its executives may be liable for potential securities fraud.

If you purchased or acquired shares of J2 Global and have questions about your legal rights or possess information relevant to this matter, please contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockesq.com, or at https://shareholder.law/cases/?case=jcom.

Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country's financial markets. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm's lawyers have recovered billions of dollars for its clients.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email:cases@blockesq.com

SOURCE: Block & Leviton LLP

www.blockesq.com

ReleaseID: 595796

SHAREHOLDER ALERT: Block & Leviton LLP Announces that a Lawsuit Has Been Filed Against ProAssurance Corp. for Securities Fraud; Investors Who Lost Money Should Contact the Firm

BOSTON, MA / ACCESSWIRE / June 18, 2020 / Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, announces that a class action lawsuit on behalf of shareholders has been filed against ProAssurance Corp. (NYSE:PRA) and certain of its officers for securities fraud. The lead plaintiff deadline is August 17, 2020. Investors who purchased ProAssurance shares between April 26, 2019 and May 7, 2020 are encouraged to contact the firm for a free case evaluation.

The lawsuit, filed in the Northern District of Alabama, alleges that ProAssurance misrepresented to investors its underwriting and reserve standards and failed to adequately reserve for losses. The suit alleges that ProAssurance underwrote one very large healthcare account in 2016 on terms that were very detrimental to the Company, but misrepresented facts about that account to investors. On January 22, 2020, ProAssurance announced that because of a deteriorating losses experience relating to that account, it was estimating a $37 million adverse development in its Specialty P&C loss reserves. On this news, the stock fell approximately 11%, to close at $33.40 per share.

Then on February 20, 2020, ProAssurance announced that the related adverse development charge would be $51.5 million. Then on May 8, 2020, ProAssurance announced that the one large healthcare client would likely not renew its policy and instead would likely exercise an option for tail coverage that would result in an additional $50 million in losses for the second quarter of 2020. On this news, ProAssurance's stock price plunged another 22%, to close at just $15.95 on May 8, 2020.

If you purchased or acquired shares of ProAssurance and have questions about your legal rights or possess information relevant to this matter, please contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockesq.com, or at https://shareholder.law/proassurance.

This notice may constitute attorney advertising.

CONTACT:

BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockesq.com
SOURCE: Block & Leviton LLP
www.blockesq.com

SOURCE: Block & Leviton LLP

ReleaseID: 594357

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