Debevoise & Plimpton partners Maeve L. O'Connor and Susan Reagan Gittes have stepped in to defend James River Group Holdings, an operator of insurance and reinsurance companies, and certain executives in a pending securities class action. The complaint, filed Nov. 13 in New York Southern District Court by Glancy Prongay & Murray, contends that the defendants overstated the company's net income due to a lack of internal controls regarding the recognition of reinstatement premiums. The case, assigned to U.S. District Judge Lewis J. Liman, is 1:23-cv-10000, Glantz v. James River Group Holdings, Ltd. et al.
Insurance
December 11, 2023, 11:32 AM