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About the Case
BRP Group, Inc. markets and sells insurance products and services in the United States. The company was founded in 2011 and is headquartered in Tampa, Florida.
On September 13, 2022, market analyst NINGI Research published a report that alleged, “BRP [Group] has doctored its organic growth rate to beat analysts’ estimates” and that “[BRP Group] misled investors by presenting inorganic revenue as organic revenue through a self-proclaimed separate agreement with an affiliate.” The report also alleged that “in 2020 BRP [Group]’s proprietary ‘MGA of the Future’ technology was misappropriated by an employee and handed to a competitor, as alleged by BRP [Group] in a lawsuit” and that “the company allegedly did not notice the misappropriation until May 2021 but did not disclose the intellectual property theft to investors to date, despite arguing in a lawsuit that the theft has and will have severe damage to BRP [Group]’s revenue and market share.”
Following this news, BRP Group’s stock price fell $2.39 per share, or 7%, to close at $29.98 per share on September 13, 2022.
Berger Montague Counsel
Andrew Abramowitz, Esq.
25%
aabramowitz@bm.net
(215) 875-3015
bergermontague.com
Data set
James Maro, Esq.
25%
jmaro@bm.net
(215) 875-3093
bergermontague.com
Data set
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25%
Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.
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Feature
25%
Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.
Data set
Feature
25%
Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.
Data set
Feature
25%
Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.
Data set
Feature
25%
Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.
Data set
Feature
25%
Et has minim elitr intellegat. Mea aeterno eleifend antiopam ad, nam no suscipit quaerendum.
Data set