BENSALEM, Pa., Feb. 14, 2019 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors of the
March 12, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that
purchased Markel Corporation (“Markel” or the “Company”) (NYSE: MKL) securities between July 26, 2017 and December 6, 2018, inclusive (the
“Class Period”).
Investors suffering losses on their Markel investments are encouraged to contact the Law Offices of Howard G. Smith
to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On December 6, 2018, the Company disclosed that “after having been contacted on November 30, 2018, it is fully
cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at
Markel CATCo Investment Management Ltd and its subsidiaries.” On this news, the Company’s share price fell $99.70 per share, more
than 8%, to close at $1048.23 per share on December 7, 2018, on unusually high trading volume, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false
and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and
prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company’s subsidiaries did not appropriately
record loss reserves; (2) that, as a result, the loss reserves would need to be adjusted and/or restated; (3) that these misleading
accounting practices would lead to regulatory scrutiny and financial loss to investors; and (4) that, as a result of the foregoing,
Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a
reasonable basis.
If you purchased shares of Markel during the Class Period you may move the Court no later than March
12, 2019 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the
Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent
member of the Class. 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 Howard G. Smith, Esquire, of Law
Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and
ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
