NEW YORK, Feb. 28, 2017 /PRNewswire/ -- Tripp Levy PLLC is investigating potential claims on behalf of investors in AmTrust Financial Services, Inc. (AFSI) resulting from AmTrust's disclosure that it will have to take a reserve charge of $65 million to strengthen reserves at its "specialty-program segment following extensive internal actuarial reviews." AmTrust investors can contact Tripp Levy PLLC at 800-511-7037 or firstname.lastname@example.org for more information.
Before the market opened on February 27, 2017, AmTrust reported financial results for its fourth quarter and year ended December 31, 2016, which included a 43% decline in its fourth quarter net income, compared to the same period a year earlier. Significantly, AmTrust disclosed that the decrease in the net income was due to "a reserve charge of $65 million, or approximately $0.24 per diluted shares, primarily related to strengthening of prior year loss and loss adjustment reserves in our Specialty Program segment."
On these disclosures, AmTrust's shares have fallen $4.70 per share, or 17%, on intraday trading on February 27, 2017.
If you purchased shares of AmTrust, and suffered losses on your investment and would like to learn more about this investigation and your ability to potentially recover your losses, please contact us either by email at email@example.com or by telephone at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC is a national law firm representing plaintiffs in a wide range of matters against corporate wrongdoers.
This notice constitutes attorney advertising.
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SOURCE Tripp Levy PLLC