James River Group Holdings Ltd.
12/03/2025 | Press release | Distributed by Public on 12/03/2025 15:22
Material Event (Form 8-K)
| Item 8.01 | Other Events. |
On December 2, 2025, the U.S. District Court, Southern District of New York (the "Court") denied Fleming Intermediate Holdings LLC's ("Fleming") motion for reconsideration of the Court's grant on July 17, 2025 of James River Group Holdings, Inc.'s (the "Company") motion to dismiss the lawsuit filed on July 15, 2024 by Fleming against the Company and certain of its officers. Fleming's lawsuit asserted 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 notice of appeal is January 2, 2026.
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