On or around 01/14/2019 (Ongoing date of last review)
Filing Date: January 12, 2018
According to the Complaint, this is a securities class action on behalf of all purchasers of Patriot National common stock from January 15, 2015 to November 22, 2017 (the “Class Period”) who sustained significant losses due to Defendants’ violations of the federal securities laws. The Complaint alleges that from the moment Patriot National sold shares to the public in its initial public offering (“IPO”) on January 15, 2015, Defendants presented a false image of Patriot National and its business, and that Defendants’ misrepresentations induced the public to invest in a company that was destined to fail by all legitimate metrics.
On December 20, 2018, the Court issued an Order consolidating cases. On January 2, 2019, the Court issued an Order transferring the case to the Southern District of N.Y.
Company & Securities Information
Defendant: Patriot National, Inc.
Industry: Insurance (Miscellaneous)
Headquarters: United States
Ticker Symbol: PN
Company Market: New York SE
Market Status: Public (Delisted)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Aric McIntire, et al. v. Patriot National, Inc., et al.