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Case Status:    DISMISSED    
On or around 09/09/2019 (Court's order of dismissal)

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.

A consolidated Complaint was filed on August 21, 2017. Lead Plaintiff filed a consolidated second amended Complaint on November 26, 2018. Defendants filed a Motion to Dismiss the consolidated second amended Complaint on December 5. On September 9, 2019, the Court issued an Order granting Defendants' Motion to Dismiss.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: United States

SECURITIES INFORMATION:

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.
COURT: S.D. New York
DOCKET #: 17-CV-01545
JUDGE: Hon. Lewis A. Kaplan
DATE FILED: 03/01/2017
CLASS PERIOD START: 05/10/2016
CLASS PERIOD END: 02/24/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
  2. Pomerantz LLP (New York)
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 17-CV-01545
JUDGE: Hon. Lewis A. Kaplan
DATE FILED: 11/26/2018
CLASS PERIOD START: 02/14/2013
CLASS PERIOD END: 04/10/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gainey McKenna & Egleston
    440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016
    212.983.1300 212.983.0380 ·
  2. Kahn Swick & Foti, LLC (Updated New York)
    250 Park Avenue Suite 2040 , Kahn Swick & Foti, LLC (Updated New York), NY 10177
    212-696-3730 504-455-1498 ·
  3. Pomerantz LLP (New York)
    600 Third Avenue, 20th Floor, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  4. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
No Document Title Filing Date