Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired AmTrust Financial Services, Inc. (“AmTrust”) (NASDAQ: AFSI) (1) common stock pursuant and/or traceable to the public offering on or about November 11, 2015; (2) 6.95% Non-Cumulative Preferred Stock, Series F (“Series F Preferred Stock”) pursuant and/or traceable to the public offering on or about September 27, 2016; and/or (3) common stock and Series F Preferred Stock between March 3, 2014 and April 10, 2017, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) AmTrust had ineffective assessment of the risks associated with its financial reporting; (2) the company had an insufficient complement of corporate accounting and corporate financial reporting resources within the organization; (3) in turn, the company lacked effective internal controls over financial reporting; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On September 18, 2025, the Lead Plaintiffs filed a Motion for Class Certification. The Motion is currently being briefed by the parties. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.