NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of AmTrust Financial Services, Inc. (NASDAQ:AFSI) resulting from allegations that AmTrust may have issued materially misleading business information to the investing public.
On February 27, 2017, AmTrust disclosed that it “identified material weaknesses in its internal control over financial reporting that existed as of December 31, 2016, specifically related to ineffective assessment of the risks associated with the financial reporting, and an insufficient complement of corporate accounting and corporate financial reporting resources within the organization.” AmTrust further disclosed that it “identified and corrected errors during the three months ended December 31, 2016 related to prior periods in 2016 and 2015” and would not timely file its 2016 annual financial statements. On this news, shares of AmTrust fell $5.32 per share or over 19% from its previous closing price to close at $22.34 per share on February 27, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by AmTrust investors. If you purchased shares of AmTrust on or before February 24, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1061.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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