AmTrust Financial Services, Inc. Securities Litigation
On or around 08/14/2020 (Date of last review)
Filing Date: August 28, 2019
According to the Complaint, AmTrust is an insurance holding company headquartered in New York, New York and incorporated in Delaware. Through its subsidiaries, AmTrust provides specialty property and casualty insurance products. AmTrust provides insurance services in all fifty states, the District of Columbia, and Puerto Rico.
This action is brought on behalf of investors who purchased AmTrust preferred shares on the open market during the Class Period. The Complaint alleges that throughout the Class Period, the prices at which Plaintiff and the Class purchased AmTrust preferred stock were artificially inflated as a result of Defendants’ materially false and misleading statements and omissions of material fact concerning the future viability and market for AmTrust’s preferred shares.
Plaintiff re-filed the Complaint on August 30, 2019, to correct a signature error. On November 18, the Court issued an Order appointing Lead Plaintiff and Counsel. Defendants filed a Motion to Dismiss the Complaint on January 31, 2020. On August 14, the Court issued an Order denying Defendants' Motion to Dismiss.
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
Jan Martinek, et al. v. AmTrust Financial Services, Inc., et al.