SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Fidelis Insurance Holdings Limited - FIHL
News provided byPomerantz LLP
Nov 21, 2023, 4:37 PM ET
NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fidelis Insurance Holdings Limited (“Fidelis” or the “Company”) (NYSE: FIHL). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Fidelis and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around June 29, 2023, Fidelis commenced its initial public offering (“IPO”), selling 15 million shares of common stock priced at $14.00 per share. On November 20, 2023, Fidelis announced its financial results for the third quarter of 2023. Among other items, Fidelis disclosed GAAP earnings per share of $0.74, missing consensus estimates by $0.13, and revenue of $537.5 million, missing consensus estimates by $49.81 million.
On this news, Fidelis’s stock price fell $1.38 per share, or 9.59%, to close at $13.01 per share on November 21, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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Robert S. Willoughby
888-476-6529 ext. 7980
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