AmTrust Financial Services, Inc. Securities Litigation
On or around 09/19/2017 (Ongoing date of last review)
Filing Date: March 01, 2017
According to the Complaint, AmTrust is a multinational insurance holding company headquartered in New York City. It offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries.
The Complaint alleges the Offering Registration Statement and Prospectus incorporated financial reports issued in 2014 and parts of 2015, but these were materially false and misleading due to substantially identical misapplications of Generally Accepted Accounting Principles (“GAAP”). As AmTrust reported in early 2017, certain restatements needed to be made to fairly set forth its financial results, and previous statements could no longer be relied upon.
Company & Securities Information
Defendant: AmTrust Financial Services, Inc.
Industry: Insurance (Prop. & Casualty)
Headquarters: United States
Ticker Symbol: AFSI
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Sharon Albano , et al. v. AmTrust Financial Services, Inc., et al.
COURT: S.D. New York
DOCKET #: 17-CV-03154
DATE FILED: 04/28/2017
CLASS PERIOD START: 11/16/2015
CLASS PERIOD END: 11/16/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gainey McKenna & Egleston 440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016 212.983.1300 212.983.0380 ·
Paskowitz Law Firm P.C. 208 East 51st Street, Suite 380, Paskowitz Law Firm P.C., NY 10022 (212) 685-0969 (212) 685-2306 ·