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Investors Say AmTrust's Reported Metrics Weren't Opinions

Law360, New York (December 5, 2017, 9:27 PM EST) -- Investors in insurer AmTrust Financial Services Inc. have pushed back against bids to dismiss their proposed class action stemming from accounting problems that led the company to restate a number of its quarterly and annual results earlier this year, telling a New York federal court the company can’t claim its allegedly misstated financial metrics were just opinions.

AmTrust and its top brass have argued that the financial metrics at the center of the restatements should be considered inactionable opinions because they involved subjective accounting judgments, but...
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