James River Group Holdings Ltd. (JRVR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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James River Group Holdings Ltd. faces significant financial risk stemming from disputes over the Stock Purchase Agreement and the sale of JRG Re to Fleming, finalized on April 16, 2024. The contention primarily involves discrepancies in the closing statement, where James River has already agreed to an $11.4 million adjustment but disputes an additional $54.1 million claimed by Fleming. This ongoing litigation and post-closing adjustment process could result in further financial liabilities for James River, potentially requiring repayment of a considerable portion of the purchase price and additional damages. Such adverse outcomes may materially affect the company’s financial position, underscoring the financial vulnerability in the resolution of these legal and procedural matters.
The average JRVR stock price target is $8.00, implying 117.39% upside potential.
To learn more about James River Group Holdings Ltd.’s risk factors, click here.