LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24KINS&src=ctag” target=”_blank”gt;$KINSlt;/agt; lt;a href=”https://twitter.com/hashtag/CLASSACTION?src=hash” target=”_blank”gt;#CLASSACTIONlt;/agt;–Glancy
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of Kingstone Companies, Inc. (“Kingstone” or the “Company”)
(NASDAQ: KINS)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On April 29, 2019, the Company disclosed $2.5 million charge to its
claims case reserves and $2.5 million charge to its IBNR reserves, based
on a “comprehensive review of [the Company’s] claims operations.” As a
result of the charges, the Company “expects to end the full year with a
combined ratio excluding catastrophe losses of 88% to 91% and
catastrophe losses of 4 to 5 points.”
On this news, the Company’s share price fell $2.07 per share, more than
15%, to close at $11.61 per share on April 30, 2019, thereby injuring
investors.
If you purchased Kingstone securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to [email protected],
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F.
Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
