SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of Hallmark Financial Services Inc. (HALL)
Hallmark Financial Services, Inc. (HALL)
Last hallmark financial services, inc. earnings: 11/7 04:05 pm
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hallmarkgrp.com
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Source: GlobeNewswire
NEW YORK, May 01, 2020 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors is investigating possible violations of federal securities laws on behalf of investors of Hallmark Financial Services Inc. (“Hallmark” or the “Company”) (NASDAQ: HALL). Hallmark is a specialty property and casualty insurance company. During the month of March 2020, Hallmark’s shares experienced a precipitous fall as a result of a series of alarming announcements. First, on March 2, 2020, Hallmark issued a press release, announcing its decision to “exit from the Binding Primary Auto portfolio, which represented approximately $114 million of the Company’s gross written premiums for 2019.” On this news, the price of Hallmark shares dropped $2.10, losing almost 15% of its value in only one day. Next, on March 11, 2020, Hallmark announced it had fired its independent registered public accounting firm, BDO USA LLP, (“BDO”) citing to a disagreemen
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