This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Block & Leviton LLP Investigates AmTrust Financial Services, Inc. For Possible Violations Of The Federal Securities Laws

BOSTON, Dec. 19, 2013 /PRNewswire/ -- Shares in AmTrust Financial Services, Inc. ("AmTrust" or the "Company") (NASDAQ: AFSI) have plunged on news of alleged accounting improprieties at the Company.  The Company's stock price has fallen by approximately $8.68 per share, or more than 22%, since the allegations first came to light on December 12, 2013.  Block & Leviton LLP ( www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating whether the Company and certain of its officers and directors have violated the federal securities law in connection with the alleged accounting improprieties.  

AmTrust is an insurance company that underwrites and provides property and casualty insurance in the U.S. and abroad.  The Company describes its business as targeting certain niche customer groups that it perceives to be underserved within the broader insurance market.  On December 12, 2013, analyst firm GeoInvesting published a report raising red flags with respect to AmTrust's financial accounting, including allegations that the Company is excluding losses of its wholly-owned subsidiaries in its SEC filings and mismarking the value of the Company's investments in life settlement contracts.  On this news, the Company's stock dropped by 12% to close at $33.67 and has continued its free-fall, closing today at approximately $29.50

If you purchased AmTrust stock between May 5, 2010 through December 12, 2013 and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Steven P. Harte or Whitney Street of Block & Leviton LLP at (617) 398-5600 or at Steven@blockesq.com or Whitney@blockesq.com.  Confidentiality to any whistleblowers or other persons with information relevant to the investigation is assured.

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.       

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,120.69 +23.79 0.13%
S&P 500 2,100.83 +2.30 0.11%
NASDAQ 4,981.7740 +14.6330 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs