BOSTON, April 20, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com) reminds shareholders of AmTrust Financial Services, Inc. ("AmTrust" or the "Company") (NASDAQ: AFSI), who purchased or otherwise acquired AmTrust securities between March 2, 2015 and March 16, 2017 (the "Class Period"), that they have until May 1, 2017 to file lead plaintiff applications in the securities class action against AmTrust and certain of its officers and directors.
If you wish to become involved in the litigation or have questions about your legal rights, please contact attorney Bradley Vettraino at (617) 398-5600, by email at firstname.lastname@example.org, or by visiting www.blockesq.com/amtrust.
The lawsuit against AmTrust alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (i) AmTrust had ineffective assessment of the risks associated with its financial reporting; (ii) AmTrust had an insufficient complement of corporate accounting and corporate financial reporting resources within the organization; (iii) AmTrust did not appropriately recognize a portion of its warranty contract revenue; (iv) AmTrust did not recognize expensed bonuses in the appropriate year; (v) AmTrust failed to maintain effective internal controls over financial reporting; and (vi) as a result of the foregoing, AmTrust's publicly disseminated financial statements were materially false and misleading.
As a member of the class, you may seek to file a motion to serve as a lead plaintiff by May 1, 2017, or take no action and remain an absent class member. Confidentiality to whistleblowers or others with information relevant to this investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
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Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
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SOURCE Block & Leviton LLP