James River Group Holdings Ltd.
07/21/2025 | Press release | Distributed by Public on 07/21/2025 05:31
Material Event (Form 8-K)
| Item 8.01 | Other Events. |
On July 17, 2025, the U.S. District Court, Southern District of New York granted James River Group Holdings, Ltd.'s (the "Company") motion to dismiss the lawsuit filed on July 15, 2024 by Fleming Intermediate Holdings LLC ("Fleming") against the Company and certain of its officers, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, common law fraud, and breaches of contract associated with Fleming's purchase of JRG Reinsurance Company Ltd., the Company's former subsidiary, pursuant to the Stock Purchase Agreement dated November 8, 2023. The deadline for Fleming to file a motion for reconsideration is July 31, 2025 or a notice of appeal is August 18, 2025.
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