Trupanion, Inc. (TRUP)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Trupanion, Inc. (“Trupanion” or the “Company”) (NASDAQ: TRUP). Investors who purchased Trupanion securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Trupanion has violated federal securities laws.
On June 21, 2023, California sent an objection letter to Trupanion, objecting to the Company’s pending rate increase from the requested increase of 28% to only 12.6%. A Stifel analyst called the “(much) lower-than-expected California rate increase . . . a material blow to rightsizing [Trupanion’s] loss ratio. On this news, TruPanion’s stock price fell $4.78 per share, or 17.98%, to close at $21.81 per share on June 22, 2023.
If you are aware of any facts relating to this investigation or purchased Trupanion shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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