December 05, 2022
Investors in transportation insurance company Atlas Financial Holdings have asked a Chicago federal court to give an initial nod to a $5 million settlement deal that would end claims the company failed to properly manage its loss reserves, hurting investors when revelations about the reserves pushed down trading prices for its shares.
May 26, 2020
An Illinois federal judge held on Tuesday that shareholders in Atlas Financial Holdings haven't adequately alleged that the commercial transportation insurer knew its loss reserves were underfunded in recent years but withheld that information from investors.