investors can Contact the law firm for free to learn more about recovering their losses
LOS ANGELES, Sept. 20, 2022 (GLOBE NEWSWIRE) — The law firm of Portnoy advises BRP Group, Inc. (“BRP” or “the Company”) BRP Investors that the Company has launched an investigation into possible securities fraud and may be filing a class action lawsuit on behalf of investors. BRP investors who have lost money investing are encouraged to do so Contact Lesley Portnoy, Esq.
Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: [email protected]to discuss your legal rights, or click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.
The investigation focuses on whether the company made false and/or misleading statements and/or failed to disclose information relevant to investors. BRP is the subject of a report published on September 13, 2022 by NINGI Research. The report alleges that “BRP manipulated its organic growth rate to exceed analysts’ estimates” and “the company misled investors by presenting inorganic revenue as organic in a self-proclaimed separate arrangement with an affiliate.” NINGI also alleges that “in 2020, BRP’s proprietary ‘MGA of the Future’ technology was misappropriated by an employee and passed on to a competitor, as BRP alleges in a lawsuit,” however, “the company alleges the misappropriation first noted in May 2021, but to date has not disclosed the theft of the intellectual property to investors, despite a lawsuit arguing that the theft has caused and will cause severe damage to BRP’s revenues and market share.
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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner raised over $5.5 billion for aggrieved…
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