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LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Boston Scientific Corporation To Contact The Firm



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NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Boston Scientific Corporation (“Boston Scientific” or the
“Company”) (NYSE:BSX) of the June 24, 2019 deadline to seek the role of
lead plaintiff in a federal securities class action that has been filed
against the Company.

If you invested in Boston Scientific stock or options between
February 26, 2015 – April 16, 2019
and would like to discuss your
legal rights, click here:
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
or at 212-983-9330 or by sending an e-mail to

The lawsuit has been filed in the U.S. District Court for the Southern
District of New York on behalf of all those who purchased Boston
Scientific securities between February 26, 2015 – April 16, 2019 (the
“Class Period”). The case, Klein v. Boston Scientific Corporation et
No. 19-cv-03642 was filed on April 24, 2019.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by making false and/or misleading statements
and/or failing to disclose that: (1) Boston Scientific’s surgical mesh
products indicated for the transvaginal repair of pelvic organ prolapse
(“POP”) were unsafe; (2) accordingly, Boston Scientific’s continued
marketing and sales of these devices in the United States was unlikely
to be sustainable; (3) separately, the Company had sold vaginal mesh
implants containing counterfeit or adulterated resin products imported
from China; (4) the foregoing conduct subjected the Company to a
heightened risk of regulatory scrutiny and/or government investigations;
and (5) as a result, the Company’s public statements were materially
false and misleading at all relevant times.

On April 16, 2019, the Food and Drug Administration (“FDA”) announced
that it had “ordered the manufacturers of all remaining surgical mesh
products indicated for the transvaginal repair of pelvic organ prolapse
. . . to stop selling and distributing their products in the U.S.
immediately.” The FDA stated that “the manufacturers, Boston Scientific
and Coloplast, have not demonstrated a reasonable assurance of safety
and effectiveness for these devices,” as required to continue marketing
the devices in the United States.

On this news, the Company’ stock price fell, over two trading sessions,
from $37.81 per share on April 16, 2019 to $34.91 per share on April 17,
2019—a $2.90 or 7.67% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Boston Scientific’s conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential


685 Third Avenue, 26th Floor
York, NY 10017
Attn: Richard Gonnello, Esq.
(877) 247-4292 or (212) 983-9330

GuideOne Names Doug Pearson Senior Vice President, Chief Underwriting Officer



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WEST DES MOINES, Iowa–(BUSINESS WIRE)–GuideOne Insurance announced that Doug Pearson has been appointed to the
position of Senior Vice President, Chief Underwriting Officer, effective
May 20, 2019. In this role, Pearson is responsible for niche product
management, home office underwriting, underwriting compliance and
business systems.

Pearson brings extensive underwriting and product leadership experience
with prior carriers. Most recently, he served as Senior Vice President,
Chief Underwriting Officer at Continental Western Group where he led the
strategic direction for underwriting and product over a 13-state
footprint, including specialty products. Prior to that, he held
leadership roles at Nationwide and Allied Insurance, where he developed
the strategic direction for commercial lines, incorporating analytics
into the underwriting appetite and overseeing pricing and competitive

GuideOne President & Chief Executive Officer, Jessica Clark, says,
“Doug’s strong leadership experience and deep knowledge of the industry
will serve us well in this cornerstone role. His expertise will be
valuable as he works with the team to further establish our footprint as
we continue to execute our strategy to reach our profit and growth

Pearson adds, “I’ve been familiar with GuideOne throughout out my entire
career, and am excited to join this strong, highly-experienced team. I
look forward to contributing to their success by building on and growing
the product innovations, core expertise and customer benefits they
already have in place.”

About GuideOne

GuideOne Insurance was founded in 1947 with a commitment to social
responsibility. That tradition continues today, as the company proudly
protects the people who strengthen our communities. GuideOne serves
churches, educational institutions, nonprofit organizations, small
businesses and senior living communities. We provide commercial property
and liability, workers’ compensation, commercial auto, and many other
liability needs.

Rated “A-” (Excellent) by industry analyst A.M. Best, GuideOne does
business in all 50 states through a network of thousands of independent
agents who serve more than 51,000 members. GuideOne’s corporate
headquarters are located in West Des Moines, Iowa.


GuideOne Insurance
Christy Gooding, Director of Marketing

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AM Best Affirms Credit Ratings of DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limited



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HONG KONG–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A-
(Excellent) and the Long-Term Issuer Credit Ratings of “a-” of DTRIC
Insurance Company, Limited (DTRIC), and its reinsured affiliate,
DTRIC Insurance Underwriters, Limited. The outlook of these Credit
Ratings (ratings) is stable. Both companies are domiciled in Honolulu,

The ratings reflect DTRIC’s balance sheet strength, which AM Best
categorizes as strong, as well as its marginal operating performance,
limited business profile and appropriate enterprise risk management. The
ratings also consider the impact of implicit and explicit support given
by Aioi Nissay Dowa Insurance Company Limited, a member of MS&AD
Insurance Group Holdings, Inc., to DTRIC. Aioi Nissay Dowa Insurance
Company Limited has an FSR of A+ (Superior) and is a Financial Class
Size XV ($2 billion or greater).

DTRIC’s risk-adjusted capitalization, as measured by Best’s Capital
Adequacy Ratio (BCAR), remains at a strong level, underpinned by
moderate underwriting leverage and an investment portfolio that is
concentrated largely on low-risk and liquid assets. However, under the
company’s current reinsurance program, its net exposure to a potential
loss from catastrophes remains a significant risk factor. This risk has
placed some strain on the company’s balance sheet assessment.

DTRIC’s operating performance on a five-year average basis is marginal,
with key operating metrics lagging its peers’ averages. This is
underpinned by its history of weak underwriting results as demonstrated
by a five-year average combined ratio of approximately 104%. In
response, DTRIC has implemented various measures to remediate the
performance of its underwriting portfolio. AM Best notes that company
also has taken initiatives to mitigate the potential impact arising from
recent tax reforms.

DTRIC is a general insurer that operates only in Hawaii. As a relatively
small local insurer, the company holds an overall market share of less
than 3%. DTRIC mainly specializes in workers’ compensation, personal
automobile insurance and a number of other commercial line products.
There is no significant concentration in its product mix, but the
company’s narrow geographic focus is a major factor that has constrained
its business profile assessment.

The stable outlooks reflect AM Best’s expectation that DTRIC will
maintain positive operating results over the short to medium term,
supported by stable revenue growth and a combined ratio that is expected
to improve gradually over time.

While positive rating actions are unlikely in the near term, negative
rating actions could occur if there is significant deterioration in
DTRIC’s risk-adjusted capitalization due to unexpected capital
repatriation, or if its profitability falls below AM Best’s expectation
due to competitive pressure or adverse claims experience.

Ratings are communicated to rated entities prior to publication.
Unless stated otherwise, the ratings were not amended subsequent to that

This press release relates to Credit Ratings that have been published
on AM Best’s website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best’s
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best’s Credit Ratings
. For information on the proper media
use of Best’s Credit Ratings and AM Best press releases, please view
for Media – Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit
for more information

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its


Maggie Wu
Associate Financial Analyst
2827 3421


Manager, Public Relations
+1 908 439
2200, ext. 5159


Associate Director, Analytics
+852 2827 3424


Director, Public Relations
+1 908 439
2200, ext. 5644

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Everest Re Group, Ltd. Appoints Meryl Hartzband to the Board of Directors



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HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Re Group, Ltd. “Everest” or the “Company” (NYSE:RE) today
announced the appointment of Meryl Hartzband to its Board of Directors.

Ms. Hartzband was a founding partner of Stone Point Capital and served
as the firm’s Chief Investment Officer from 1999 to 2015. Before joining
Stone Point, she was a Managing Director at J.P. Morgan & Co.,
specializing in private equity investments in the financial services

Ms. Hartzband currently serves on the boards of directors of Greenhill &
Co., and Conning Holdings Ltd. She previously served as a director on
the boards of The Navigators Group, Inc., Travelers Property Casualty
Corp., AXIS Capital Holdings Limited, ACE Limited, and numerous
portfolio companies of Stone Point. She holds a B.A. degree from Cornell
University and an M.B.A. from the Columbia University Graduate School of

Mr. Joseph V. Taranto, Chairman, said: “I am very pleased to welcome
Meryl to the Everest Board of Directors. Her knowledge of the insurance
and reinsurance industry combined with her financial and investment
expertise will be a valuable addition to our board.”

Ms. Hartzband will serve as a member of the Company’s Audit,
Compensation and Nominating & Governance Committees.

About Everest Re Group, Ltd.

Everest Re Group, Ltd. (“Everest”) is a leading global provider of
reinsurance and insurance, operating for more than 40 years through
subsidiaries in the U.S., Europe, Bermuda and other territories.

Everest offers property, casualty, and specialty products through its
various operating affiliates located in key markets around the world.

Everest common stock (NYSE:RE) is a component of the S&P 500 index.

Additional information about Everest, our people, and our products
can be found on our website at


Everest Re Group, Ltd.
Jon Levenson, Head of Investor Relations
(908) 604-3169

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