- Do you, or did you, own shares of AmTrust Financial Services, Inc. (NASDAQ GS: AFSI )?
- Did you purchase your shares before February 15, 2011, or between February 15, 2011 and December 11, 2013, inclusive?
- Did you lose money in your investment in AmTrust Financial Services, Inc.?
- Do you want to discuss your rights?
According to the Complaint, on December 12, 2013, GeoInvesting published a report entitled, “AmTrust Financial Services: A House of Cards?” which exposed the truth regarding the Company’s financial performance. Among other things, the report found that “[a] cross section of public documents... shows that [AmTrust] appears to be excluding losses of wholly-owned subsidiaries in its SEC filings;” “[p]ress releases contain different accounts than those reported in SEC filings, leading us to question the [C]ompany’s internal controls over financial reporting;” and that “[w]e conclude that [AmTrust] is worth between $3.87 and $13.00 per share.”On this news, shares in AmTrust dropped more than 12%, closing at $33.67 per share on December 12, 2013, on unusually heavy trading volume. If you wish to serve as lead plaintiff, you must move the Court no later than April 7, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.