|[September 16, 2013]
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Tower Group International, Ltd.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that investors of Tower Group
International, Ltd. or its predecessor company Tower Group Inc. ("Tower
Group" or the "Company") (NASDAQ:TWGP) have until October 21, 2013 to
move the Court to serve as lead plaintiff in the securities fraud class
action lawsuit 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 Tower Group common stock between July 30,
2012 and August 8, 2013, inclusive (the "Class Period").
Tower Group is a Bermuda-based company, and through its subsidiaries
underwrites insurance and reinsurance products including commercial,
personal, and specialty insurance, in Bermuda, the United Statesand
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 tax assets.
If you are a member of the Class described above, you have certain
rights and have until October 21, 2013 to move for lead plaintiff
status. To be a member of the class you need not take any action at this
time, or may retain counsel of your choice. If you purchased shares
prior to the Class Period and wish to learn more concerning 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 firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
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