Cases
Markel Corporation (MKL)
Securities Class Action
Overview
Overview
- Date:
- 5/22/2019
- Company Name:
- Markel Corporation
- Stock Symbol:
- MKL
- Class Period:
- FROM 7/26/2017 TO 12/6/2018
- Status:
- Closed/Complete
NEW YORK, May 22, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Markel Corporation (NYSE: MKL) on behalf of Markel stockholders. Our investigation concerns whether Markel has violated the federal securities laws and/or engaged in other unlawful business practices.
On January 1, 2019 a complaint was filed alleging that between July 26, 2017 and December 6, 2018, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) the company’s subsidiaries did not appropriately record loss reserves; (2) as a result, the loss reserves would need to be adjusted and/or restated; (3) these misleading accounting practices would lead to regulatory scrutiny and financial loss to investors; and (4) as a result of the foregoing, defendant’s positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Markel shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 1, 2019 a complaint was filed alleging that between July 26, 2017 and December 6, 2018, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) the company’s subsidiaries did not appropriately record loss reserves; (2) as a result, the loss reserves would need to be adjusted and/or restated; (3) these misleading accounting practices would lead to regulatory scrutiny and financial loss to investors; and (4) as a result of the foregoing, defendant’s positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Markel shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.