LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against AmTrust Financial Services Inc. (“AmTrust” or the “Company”) (Nasdaq: AFSI) concerning possible violations of federal securities laws.
AmTrust revealed 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." The Company will delay filing its 2016 annual financial statements.
When this news was released to the public, the value of AmTrust dropped, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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