On or around 08/07/2019 (Notice of voluntarily dismissal)
Filing Date: January 11, 2019
According to the Complaint, Markel is a holding company that purports to market and underwrite specialty insurance products and programs.
The Complaint alleges that throughout the Class Period, 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. The Complaint alleges that specifically, Defendants failed to disclose to investors: (1) that the Company’s subsidiaries did not appropriately record loss reserves; (2) that, as a result, the loss reserves would need to be adjusted and/or restated; (3) that these misleading accounting practices would lead to regulatory scrutiny and financial loss to investors; and (4) 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.
On April 23, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff voluntarily dismissed this case on August 7.
Company & Securities Information
Defendant: Markel Corporation
Industry: Insurance (Prop. & Casualty)
Headquarters: United States
Ticker Symbol: MKL
Company Market: New York SE
Market Status: Public (Listed)
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
David Bergen, et al. v. Markel Corporation, et al.
COURT: S.D. New York
DOCKET #: 19-CV-00319
JUDGE: Hon. Ronnie Abrams
DATE FILED: 01/11/2019
CLASS PERIOD START: 07/26/2017
CLASS PERIOD END: 12/06/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Glancy Prongay & Murray LLP (New York)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
Order Granting Motion of Christopher Miles for Consolidation of the Actions, Appointment as Lead Plaintiff, and Approval of Selection of Counsel
U.S. District Court Civil Docket
Notice of Voluntary Dismissal Pursuant to Fed. R. CIV. P.41(A)(1)
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available