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Investor Class Action Filed Against AmTrust Financial Services, Inc. for Securities Fraud Violations
Company Name: 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: Between May 10, 2016 and February 24, 2017
Security Type: Securities

Case Background:

On March 1, 2017, the initial complaint in this securities class action was filed against AmTrust Financial Services, Inc. (“AmTrust” or the “Company”), and certain of AmTrust’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  The Complaint alleges that, throughout the class period, defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) AmTrust had ineffective assessment of the risks associated with its financial reporting; (ii) the Company had an insufficient corporate accounting and financial reporting resources within the organization; (iii) in turn, the Company lacked effective internal controls over financial reporting; and (iv) as a result of the foregoing, AmTrust’s public statements were materially false and misleading at all relevant times.

Current Status of Case:

Lead Plaintiff filed its Third Amended Complaint on November 5, 2019. Defendants filed a Motion to Dismiss that complaint on January 10, 2020.  On April 20, 2020 the Court issued an Order granting defendants' Motion to Dismiss and dismissing the case with prejudice.  On May 22, 2020. Lead Plaintiff appealed the Court's Dismissal Order to the United States Court of Appeals for the Second Circuit.  This action is still ongoing.

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.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for AmTrust Financial Services, Inc. (Nasdaq: AFSI) publicly traded securities between May 10, 2016 and February 24, 2017, both dates inclusive (the "Class Period"):

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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Did you purchase shares of AmTrust Financial Services, Inc. (2017) prior to the Class Period?
Are you a current or former employee of AmTrust Financial Services, Inc. (2017)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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