Mercury General Corp
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Financials : Insurance | Small Cap Value
Company profile

Mercury General Corporation is an insurance holding company engaged in writing personal automobile insurance business. The Company writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. The Company’s automobile coverages include property damage, bodily injury, personal injury protection, underinsured, and uninsured motorist and other hazards. Its homeowners’ coverage includes dwelling, liability, personal property, fire, and other hazards. The Company offers standard, non-standard, and preferred private passenger automobile insurance. The Company also offers homeowners insurance in approximately 10 states, commercial automobile insurance in approximately four states, and mechanical protection insurance in various states. The Company’s subsidiaries include Mercury Casualty Company, California Automobile Insurance Company, Orion Indemnity Company, American Mercury Insurance Company and Mercury Insurance Company of Illinois.

Price
Delayed
$29.53
Day's Change
0.12 (0.41%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.85
Day's Low
29.46
Volume
(Light)

Today's volume of 4,835 shares is on pace to be much lighter than MCY's 10-day average volume of 1,206,627 shares.

4,835

INVESTOR DEADLINE: Coinbase Global, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - COIN

11:58 pm ET August 5, 2022 (PR Newswire) Print

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Coinbase Global, Inc. (NASDAQ: COIN) securities between April 14, 2021 and July 26, 2022, inclusive (the "Class Period") have until October 3, 2022 to seek appointment as lead plaintiff in the Coinbase class action lawsuit. Captioned Patel v. Coinbase Global, Inc., No. 22-cv-04915 (D.N.J.), the Coinbase class action lawsuit charges Coinbase and certain of its top executive officers with violations of the Securities Exchange Act of 1934.

https://mma.prnewswire.com/media/198876/robbins_geller_rudman_and_dowd_llp_logo.jpg

If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:

https://www.rgrdlaw.com/cases-coinbase-global-inc-class-action-coin.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.

CASE ALLEGATIONS: The Coinbase class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Coinbase custodially held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly disregarded could qualify as the property of a bankruptcy estate, making those assets potentially subject to bankruptcy proceedings in which Coinbase's customers would be treated as Coinbase's general unsecured creditors; (ii) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the U.S. Securities and Exchange Commission ("SEC"); and (iii) the foregoing conduct subjected Coinbase to a heightened risk of regulatory and governmental scrutiny and enforcement action.

On May 10, 2022, Coinbase disclosed that: "Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors." Following this disclosure, the price of Coinbase Class A common stock fell by more than 26%.

Then, on July 25, 2022, Bloomberg reported that Coinbase is facing an SEC probe into whether it improperly let Americans trade digital assets that should have been registered as securities. On this news, the price of Coinbase Class A common stock fell by an additional 21%, further damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Coinbase securities during the Class Period to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Coinbase class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Coinbase class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Coinbase class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller is one of the world's leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone - more than triple the amount recovered by any other plaintiffs' firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever - $7.2 billion - in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Attorney advertising.Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.

Contact:Robbins Geller Rudman & Dowd LLP 655 W. Broadway, Suite 1900, San Diego, CA 92101J.C. Sanchez, 800-449-4900 jsanchez@rgrdlaw.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-deadline-coinbase-global-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit--coin-301600983.html

SOURCE Robbins Geller Rudman & Dowd LLP

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