Business

Markel Corporation (NYSE: MKL) Investor Lawsuit alleges False and Misleading Statements

An investor, who purchased shares of Markel Corporation (NYSE: MKL), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Markel Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Markel Corporation (NYSE: MKL) have certain options and for certain investors are short and strict deadlines running. Deadline: March 12, 2019. NYSE: MKL investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Markel Corporation (NYSE: MKL) common shares between July 26, 2017 and December 6, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 26, 2017 and December 6, 2018, the 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 the Company’s subsidiaries did not appropriately record loss reserves, that, as a result, the loss reserves would need to be adjusted and/or restated, that these misleading accounting practices would lead to regulatory scrutiny and financial loss to investors, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis

Those who purchased shares of Markel Corporation (NYSE: MKL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.