Markel Corporation

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Case Summary
Company Name: Markel Corporation
Stock Symbol : NYSE: MKL
Class Period Start: 07/26/2017
Class Period End: 12/06/2018
Lead Plaintiff motion: 03/12/2019
Date Filed: 01/11/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the March 12, 2019 lead plaintiff deadline in a class action lawsuit filed against Markel Corporation (NYSE: MKL) (“Markel” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Markel Corporation securities between July 26, 2017 and December 6, 2018, have until March 12, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Markel Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Markel’s subsidiaries did not appropriately record loss reserves; as a result, the loss reserves would need to be adjusted and/or restated; these misleading accounting practices would lead to regulatory scrutiny and financial loss to investors; and consequently, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On December 7, 2018, the Company revealed that “after having been contacted on November 30, 2018, it is fully cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management Ltd and its subsidiaries.”

Following this news, NYSE: MKL fell sharply during intraday trading on December 7, 2018.

If you were negatively impacted by your investment in Markel Corporation securities between July 26, 2017 and December 6, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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