NEW YORK, Feb. 28, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AmTrust Financial Services, Inc. ("AmTrust" or the "Company") (NASDAQ: AFSI). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether AmTrust and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 27, 2017, AmTrust reported financial and operating results for the quarter and year ended December 31, 2016, which included a 39.5% decline in the Company's fourth quarter 2016 net income compared to the same period in 2015. In addition, AmTrust disclosed that it would not timely file its 2016 annual financial statements and that the Company had "identified material weaknesses in its internal control over financial reporting that existed as of December 31, 2016."
On this news, AmTrust's share price fell $5.32, or 19.23%, to close at $22.34 on February 27, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP