| COMPANY |
AmTrust Financial Services, Inc. |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
17-cv-01545 |
| JUDGE |
The Hon. Lewis Kaplan |
| CLASS PERIOD |
May 10, 2016 through February 24, 2017 |
| SECURITY TYPE |
Securities |
Case Background:
This is a federal securities fraud class action lawsuit on behalf of all persons and entities that purchased or otherwise acquired AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) (NASDAQ: AFSIP) securities between May 10, 2016 and February 24, 2017, both dates inclusive (the “Class Period”).
The complaint alleges 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, AmTrust’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On March 17, 2025, Defendants’ filed an Answer to the Amended Complaint. This action is currently in the discovery phase and is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; 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.