LOS ANGELES, July 08, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Kingstone Companies, Inc. (“Kingstone” or “the Company”) (NASDAQ: KINS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between March 14, 2018 and April 29, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before August 12, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Kingstone failed to follow industry best practices on handling claims. The Company did not maintain appropriate claims reserves. The Company also lacked appropriate internal controls on financial reporting. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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