SOURCE: Rosen Law Firm

Rosen Law Firm

February 17, 2014 08:57 ET

EQUITY ALERT: Rosen Law Firm Announces Reminds AmTrust Financial Services, Inc. Investors of Important Class Action Deadline -- AFSI

NEW YORK, NY--(Marketwired - Feb 17, 2014) - The Rosen Law Firm, P.A. reminds investors who purchased the securities of AmTrust Financial Services, Inc. (NASDAQ: AFSI) between February 15, 2011 and December 11, 2013, of the important April 7, 2014 lead plaintiff deadline in the class action. 

To join the AmTrust class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. 

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

According to the lawsuit, defendants made misstatements and/or failed to disclose AmTrust's true business and operational condition. Specifically, the complaint asserts that AmTrust: (a) manipulated its loan loss reserves and deferred tax liabilities; (b) underestimated the discount rates for its life settlement contracts; and (c) lacked adequate internal controls. As a result, the complaint alleges that AmTrust's statements during the Class Period were materially false and misleading. When the market learned of this adverse information, the price of AmTrust's securities dropped damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than April 7, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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