|[December 12, 2013]
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against AmTrust Financial Services, Inc. --- AFSI
NEW YORK --(Business Wire)--
The Rosen Law Firm, P.A. announces that it is investigating potential
securities fraud claims against AmTrust Financial Services, Inc.
(NASDAQ:AFSI) resulting from allegations that the company may have
issued materially misleading business information to the investing
On December 12, 2013, Geoinvesting.com issued a report asserting that
AmTrust has long exaggerated its true financial condition by, among
other things, (i) excluding losses of its wholly-owned subsidiaries in
its SEC (News - Alert) filings, (ii) failing to disclose a total of $276.9 million in
losses transferred to its Luxembourg subsidiaries from 2009 to 2012,
(iii) mismarking its life settlement contracts by using overly
aggressive assumptions relative to is peers despite records showing
AmTrust holds many policies that are likely worthless, and (iv) stating
different accounts in its press releases than those reported in SEC
filings. The report also raised numerous other red flags of fraud at
AmTrust that called into question the veracity of AmTrust's public
disclosures to investors.
The Rosen Law Firm is preparing a class action lawsuit as a result of
this adverse information. If you purchased AmTrust securities prior to
December 12, 2013, you may visit the website at http://rosenlegal.com
to join the action. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
Attorney Advertising. Prior results do not guarantee a similar outcome.
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