Symons investors Call for Action class suit
After a year of the biggest losses in its property damage and accidents, Symons International Group Inc. could face an additional challenge in the profit zone - a class action shareholder,
A pair of brothers, more than 60000 shares of Symons reserve, claiming the companies to deceive investors about their activities and financial situation for 21 months, a period in the years 1998 and 1999.
They called the USA a district court in Indianapolis, where collective action, other shareholders, stock purchased during this period.
Symons, President and CEO Douglas H. Symons has rejected the appeal.
“We believe it is not serious, is not in the courts and we will defend ourselves so offensive,” said President and CEO Douglas H. Dobelmann Symons.
“There is no question that we have learned from errors in some of our decisions on operations,” said Symons.
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