Company: KG
Filing Date: 2025-08-22
Form Type: 8-K
Source: 0002055116-25-000024
Chunk: 0

Company: Kestrel Group Ltd
Filing Date: 2025-08-22
Form: 8-K
Item: Item 8.01
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Item 8.01      Other Events.  

On August 20, 2025, the United States Court of Appeals for the Third Circuit vacated the U. S. District Court for the District of New Jersey’s order granting summary judgment to Maiden and individual defendants Arturo Raschbaum, Karen Schmitt, and John Marshalek in the class action titled Wigglesworth v. Maiden Holdings, Ltd. The Third Circuit disagreed with the District Court’s holding that the current case record required judgment for Maiden, as a matter of law, on the issue of whether Maiden’s loss reserves were misleading. The Court explained further that it was not issuing a ruling on the element of scienter. The Third Circuit therefore vacated the opinion of the District Court and remanded the case to the District Court with instructions to permit plaintiffs to pursue discovery with respect to their claims for securities fraud under Section 10(b) of the Securities Exchange Act. Defendants may seek re-hearing or to appeal this decision. Maiden believes it has procedural and substantive defenses to the asserted claims, and it intends to oppose and defend against these claims.

(“ Maiden” refers to Maiden Holdings, Ltd., which is a wholly owned subsidiary of Kestrel Group Ltd.)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Date:      August 22, 2025                  Kestrel Group Ltd            
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                                  By:         /s/ Bradford Luke Ledbetter  
                                  Name:       Bradford Luke Ledbetter      
                                  Title:      Chief Executive Officer