NEW YORK, Nov. 7, 2003 (PRIMEZONE) -- The Law Firm of Wechsler Harwood LLP announced that it has been retained by investors of PMA Capital Corporation ("PMACA") to investigate claims action against certain officers and directors of PMACA in connection with the November 4, 2003 disclosure that a subsidiary of PMACA would take a sudden increase of $150 million in financial reserves. Certain investors believe that dramatic change in reserve levels may have been as a result of financial impropriety and may constitute violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder.
If you bought PMACA publicly traded securities between March 21, 2003 and November 4, 2003, inclusive, and you would like to learn more about the investigation, you may contact Wechsler Harwood.
Wechsler Harwood has taken a leading role in many important actions on behalf of defrauded shareholders. The Wechsler Harwood website (www.whesq.com) has more information about the firm and detailed information regarding this matter. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following:
Wechsler Harwood LLP 488 Madison Avenue, 8th Floor New York, New York 10022 Telephone: (212) 935-7400 Toll Free Telephone: (877) 935-7400
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.