Case Page

 

Case Status:    ONGOING    
On or around 08/01/2018 (Ongoing date of last review)

Filing Date: March 05, 2018

Atlas Financial purportedly provides specialty commercial transportation insurance for taxi, limousine, paratransit and other transport businesses around the United States.

According to the law firm press release, the complaint filed in this class action alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the Company failed to employ internal controls to ensure appropriate accounting practices; including, but not limited to, the calculation of certain loss reserves; (2) that, as a result, the Company’s internal controls over financial reporting were materially weak; (3) that as a result the Company’s financial statements were inaccurate and misleading, including by understating certain loss reserves; and, (4) that, as a result of the foregoing, Defendants’ statements about Atlas Financial’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On May 15, 2018, the Court issued an Order appointing Lead Plaintiffs and Counsel. On July 30, Lead Plaintiffs filed an amended Complaint.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: AFH
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: N.D. Illinois
DOCKET #: 18-CV-01640
JUDGE: Hon. Ruben Castillo
DATE FILED: 03/05/2018
CLASS PERIOD START: 03/13/2017
CLASS PERIOD END: 03/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Lawrence, Kamin, Saunders & Uhlenhop, L.L.C.
    300 S. Wacker Drive, Suite 500, Lawrence, Kamin, Saunders & Uhlenhop, L.L.C., IL 60606
    ·
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 18-CV-01640
JUDGE: Hon. Ruben Castillo
DATE FILED: 07/30/2018
CLASS PERIOD START: 02/22/2017
CLASS PERIOD END: 06/15/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Law Offices of Howard G. Smith
    3070 Bristol Pike, Suite 112, Law Offices of Howard G. Smith, PA 19020
    215.638.4847 215.638.4867 ·
  3. Lawrence, Kamin, Saunders & Uhlenhop, L.L.C.
    300 S. Wacker Drive, Suite 500, Lawrence, Kamin, Saunders & Uhlenhop, L.L.C., IL 60606
    ·
No Document Title Filing Date