NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation into potential securities lawsuits on behalf of shareholders of BRP Group, Inc. (NASDAQ: BRP) arising from allegations that the company has disclosed potentially materially misleading business information to the investing public .

SO WHAT: If you have purchased BRP Group securities, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9278 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information about the Class Action.

WHAT IS THIS ABOUT: On September 13, 2022, market analyst NINGI Research released a report that claimed, among other things, that “BRP manipulated its organic growth rate to exceed analysts’ estimates” and that “the company misled investors by… it inorganic revenue as organic revenue through a self-proclaimed separate arrangement with an affiliate[.]”

The report also alleges that “in 2020, BRP’s proprietary ‘MGA of the Future’ technology was misappropriated by an employee and transferred to a competitor, as alleged by BRP in a court proceeding” and that “the company allegedly first discovered the misappropriation.” in May 2021 but has not disclosed the theft of intellectual property to investors to date, despite a court case arguing that the theft has caused and will cause serious damage to BRP’s revenues and market share[.]”

As a result of this news, BRP Group stock fell $2.39 per share, or 7%, to close at $29.98 per share on September 13, 2022.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Exhibiting companies often do not have comparable…