Argo Group International Holdings, Ltd.
|Company Name||Argo Group International Holdings, Ltd.|
On October 8, 2019, Bloomberg reported that the Company had been subpoenaed by the U.S. Securities and Exchange Commission regarding its disclosures about executive compensation. The investigation follows concerns raised by Voce Capital Management that Argo and its Chief Executive Officer (“CEO”) Mark Watson misused corporate assets, such as aircraft and housing.
On this news, the Company’s stock price fell $1.46 per share, or over 2%, to close at $65.85 per share on October 9, 2019, thereby injuring investors.
On November 5, 2019, the Company announced that its CEO had retired, effective immediately, and would resign from the Board of Directors, effective December 30, 2019.
On this news, the Company’s stock price fell sharply during after-hours trading on November 5, 2019.
Submit Your Information
If you suffered a loss on your Argo Group International Holdings, Ltd. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.