Presurance Holdings Faces Lawsuit Over Preferred Stock Sales

Reuters

Feb 13

Presurance Holdings Faces Lawsuit Over Preferred Stock Sales

Presurance Holdings Inc. is facing a lawsuit filed by shareholder James Petcoff against the company, its current and former directors, its Chief Executive Officer, and Clarkston 91 West. The complaint alleges breaches of fiduciary duties and violations of Michigan law related to the company's sale of Series B Preferred Stock and warrants to Clarkston 91 West in early 2025, as well as the sale of Series C Preferred Stock to an affiliate of Clarkston 91 West in December 2025. Presurance Holdings has stated that it is reviewing the complaint and plans to vigorously defend the matter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Presurance Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-048748), on February 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The complaint alleges breaches of fiduciary duties and violations of Michigan law related to the company's sale of Series B Preferred Stock and warrants to Clarkston 91 West in early 2025, as well as the sale of Series C Preferred Stock to an affiliate of Clarkston 91 West in December 2025. Presurance Holdings has stated that it is reviewing the complaint and plans to vigorously defend the matter.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Presurance Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","PRHI":"Presurance Holdings, Inc."},"translate_title":"Presurance Holdings因优先股销售面临诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRHI":0.9},"content_text":"Presurance Holdings Faces Lawsuit Over Preferred Stock Sales\n    \n\n        Presurance Holdings Inc. is facing a lawsuit filed by shareholder James Petcoff against the company, its current and former directors, its Chief Executive Officer, and Clarkston 91 West. The complaint alleges breaches of fiduciary duties and violations of Michigan law related to the company's sale of Series B Preferred Stock and warrants to Clarkston 91 West in early 2025, as well as the sale of Series C Preferred Stock to an affiliate of Clarkston 91 West in December 2025. 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