Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired AmTrust Financial Services, Inc. (“AmTrust”) (NASDAQ: AFSIP) securities between May 10, 2016 and February 24, 2017, inclusive (the “Class Period”).
The complaint alleges that, throughout the class period, Defendants made materially false and misleading statements regarding the company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) AmTrust had ineffective assessment of the risks associated with its financial reporting; (2) the company had an insufficient complement of corporate accounting and corporate financial reporting resources within the organization; (3) in turn, the company lacked effective internal controls over financial reporting; and (4) as a result of the foregoing, AmTrust’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On September 18, 2025, Lead Plaintiffs filed the Motion for Class Certification. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.