NEW YORK, NY / ACCESSWIRE / June 23, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Trupanion, Inc. ("Trupanion" or the "Company") (NASDAQ:TRUP). Investors who purchased Trupanion securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/trup.
The investigation concerns whether Trupanion has violated federal securities laws.
Investigation Details:
On June 21, 2023, California sent an objection letter to Trupanion, objecting to the Company's pending rate increase from the requested increase of 28% to only 12.6%. A Stifel analyst called the "(much) lower-than-expected California rate increase . . . a material blow to rightsizing [Trupanion's] loss ratio. On this news, TruPanion's stock price fell $4.78 per share, or 17.98%, to close at $21.81 per share on June 22, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchasedTrupanion shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/trup. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC