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HALL INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Hallmark Financial Services Inc. and Encourages Investors to Contact the Firm ...

Hallmark Financial Services, Inc. (HALL) 
Last hallmark financial services, inc. earnings: 11/7 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: hallmarkgrp.com
Company Research Source: GlobeNewswire
NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Texas on behalf of those who acquired Hallmark Financial Services Inc. (“Hallmark Financial” or the “Company”) (NASDAQ: HALL) securities during the period from March 5, 2019 through March 17, 2020. Investors have until July 7, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that Hallmark Financial failed to disclose that: (i) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (ii) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (iii) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; and (iv) as a resu Show less Read more
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