SAN DIEGO, CA / ACCESSWIRE / January 15, 2019 / The Shareholders Foundation, Inc., announces that a lawsuit was filed for certain investors in shares of Markel Corporation (NYSE: MKL) over alleged securities laws violations by Markel Corporation.
Investors, who purchased shares of Markel Corporation (NYSE: MKL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779-1554.
On December 7, 2018, Markel Corporation disclosed that, ''After having been contacted on November 30, 2018, it is fully cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management Ltd and its subsidiaries.''
The plaintiff alleges that the 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 Markel Corporation (NYSE: MKL) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.