|[August 20, 2013]
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Tower Group International, Ltd.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of New York on behalf of a class (the "Class") comprising all purchasers
of the common stock of Tower
Group International, Ltd. or its predecessor company Tower Group
Inc. ("Tower Group" or the "Company") (NASDAQ:TWGP) between July 30,
2012 and August 8, 2013, inclusive (the "Class Period").
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY
EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF HARES PURCHASED.
Tower Group is Bermuda-based and through its subsidiaries underwrites
insurance and reinsurance products including commercial, personal, and
specialty insurance, in Bermuda, the United States and London markets.
The Complaint alleges that during the Class Period defendants issued
false and misleading statements or failed to disclose that: (1) the
Company failed to properly estimate its loss reserve provisions as
required by Generally Accepted Accounting Principles, and (2) the
Company failed to properly allocate its goodwill and certain deferred
If you are a member of the Class described above you may move the Court
no later than 60 days from the date of this Notice to serve as lead
plaintiff; however, you must 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 purchased Tower Group shares prior
to the Class Period and have any questions concerning this announcement
or your rights or interests with respect to these matters, please
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to firstname.lastname@example.org,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
[ Back To Technology News's Homepage ]