LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) (Nasdaq: AFSI) concerning possible violations of federal securities laws between May 10, 2016 and February 24, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired AmTrust shares during the Class Period should contact the firm prior to the May 1, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The complaint alleges that during the Class Period, AmTrust and certain of its executives violated federal securities laws. On February 27, 2017 the Company 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.” When this news was revealed to the public, the value of AmTrust shares dropped, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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