NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in BRP Group, Inc. (“BRP” or the “Company”) (NASDAQ: BRP). Those investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, extension 7980.

The investigation concerns whether BRP and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On September 13, 2022, NINGI Research (“NINGI”) issued a report alleging that “BRP manipulated its organic growth rate to exceed analyst estimates” and that “the company misled investors into by presenting inorganic revenues as organic revenues through a self-portrayal. proclaimed a separate agreement with an affiliated company.”

The NINGI report also alleges that “in 2020, BRP’s proprietary ‘MGA of the Future’ technology was misappropriated by an employee and transferred to a competitor, as alleged by BRP in a court case” and that “the company alleges misappropriation allegedly only noticed in May 2021, but to date has not disclosed the intellectual property theft to investors, despite a lawsuit arguing that the theft has caused and will cause serious damage to BRP’s revenues and market share.”

As a result of this news, BRP’s stock price fell $2.39 per share, or 7.38%, to close at $29.98 per share on September 13, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The office has recovered…