AmTrust Investors' Last Shot At Restatements Suit Fails

Law360 (April 21, 2020, 2:55 PM EDT) -- A New York federal judge has declined to give investors in AmTrust Financial Services Inc. another chance to amend securities fraud claims against the firm, saying their most recent complaint "does not correct, and largely does not attempt to correct," the suit's shortcomings.

U.S. District Judge Lewis Kaplan needed significantly fewer pages Monday than he did back in September to reject the latest amended complaint accusing AmTrust of making a series of misstatements about its finances dating back to 2012 that required the insurer to restate its financials and ultimately sank the company's stock.

Judge Kaplan said in an 83-page order...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!