openPR Logo
Press release

Deadline coming up in Lawsuit filed for Investors in preferred shares of AmTrust Financial Services, Inc

10-21-2019 06:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on October 29, 2019 in the lawsuit for certain investors in AmTrust Financial Services, Inc (Preferred).

A Deadline is coming up on October 29, 2019 in the lawsuit for certain investors in AmTrust Financial Services, Inc (Preferred).

A deadline is coming up on October 29, 2019 in the lawsuit filed for certain investors of AmTrust Financial Services, Inc (Preferred Shares) over alleged securities laws violations by AmTrust Financial Services, Inc.

Investors who purchased shares of AmTrust Financial Services, Inc (Preferred Shares) have certain options and there are strict and short deadlines running. Deadline: October 29, 2019. AmTrust Financial Services, Inc (Preferred Shares) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The lawsuit was filed on behalf of investors in the following six series of preferred stock that AmTrust offered for sale to the public:

6.75% Non̻Cumulative Preferred Stock, Series A, consisting of 4,600,000 (plus a potential over-allotment option of 690,000) shares, at an offering price of $25 per share, for aggregate gross proceeds of $132,250,000, which were listed and traded on the NYSE beginning in June 2013

7.25% Non-Cumulative Preferred Stock, Series B, consisting of 115,000 shares, represented by 4,000,000 (plus a potential overallotment option of 600,000) depositary shares, each representing a 1/40th interest in a share of the Series B Preferred Stock, at an offering price of $25 per depositary share, for aggregate gross proceeds of $115,000,000, which were listed and traded on the NYSE beginning in June 2014

7.625% Non-Cumulative Preferred Stock, Series C, consisting of 92,000 shares, represented by 3,200,000 (plus a potential over-allotment option of 480,000) depositary shares, each representing a 1/40th interest in a share of the Series C Preferred Stock, at an offering price of $25 per depositary share, for aggregate gross proceeds of $92,000,000, which were listed and traded on the NYSE beginning in September 2014

7.50% Non-Cumulative Preferred Stock, Series D, consisting of 189,750 shares, represented by 6,600,000 (plus a potential overallotment option of 990,000) depositary shares, each representing a 1/40th interest in a share of the Series D Preferred Stock, at an offering price of $25 per depositary share, for aggregate gross proceeds of $189,750,000, which were listed and traded on the NYSE beginning in March 2015

7.75% Non-Cumulative Preferred Stock, Series E, consisting of 143,750 shares, represented by 5,000,000 (plus an over-allotment of 750,000) depositary shares, each representing a 1/40th interest in a share of the Series E Preferred Stock, at an offering price of $25 per depositary share, for aggregate gross proceeds of $143,750,000, which were listed and traded on the NYSE beginning in March 2016

6.95% Non-Cumulative Preferred Stock, Series F, consisting of 287,500 shares, represented by 10,000,000 (plus an over-allotment of 1,500,000) depositary shares, each representing a 1/40th interest in a share of the Series F Preferred Stock, at an offering price of $25 per depositary share, for aggregate gross proceeds of $287,500,000, which were listed and traded on the NYSE beginning in September 2016.

According to the complaint the plaintiff alleges that the defendants violated §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 during January 22, 2018 between January 18, 2019. More specifically, the plaintiff alleges that beginning on January 22, 2018, the defendants made repeated statements that, unlike AmTrust's common shares, which would be purchased by the company's controlling shareholder and delisted as part of a merger, the six series of publicly traded AmTrust preferred stock would continue to be listed on the New York Stock Exchange and would remain listed and outstanding.

Then, on January 18, 2019, less than two months after the close of the merger, AmTrust announced the delisting of all six series of its preferred stock.

Those who purchased shares of AmTrust Financial Services, Inc (Preferred Shares)) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Deadline coming up in Lawsuit filed for Investors in preferred shares of AmTrust Financial Services, Inc here

News-ID: 1853689 • Views: 1069

More Releases from Shareholders Foundation

Investigation announced for Investors in NYSE: MTD shares over possible Wrongdoi …
An investigation on behalf of investors in shares of Mettler-Toledo International Inc. (NYSE: MTD) was announced over potential breaches of fiduciary duties by certain officers and directors at Mettler-Toledo International Inc. Investors who purchased shares of Mettler-Toledo International Inc. (NYSE: MTD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Mettler-Toledo International Inc directors breached
Deadline on Dec. 2nd coming up in Lawsuit for Investors in Altria Group, Inc. (N …
A deadline is coming up on December 2, 2019in the lawsuit filed for certain investors of Altria Group, Inc. (NYSE: MO over alleged securities laws violations by Altria Group, Inc. Investors who purchased shares of Altria Group, Inc. (NYSE: MO) have certain options and there are strict and short deadlines running. Deadline: December 2, 2019. NYSE: MO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According
Investigation announced for Long-Term Investors in shares of Helius Medical Tech …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Helius Medical Technologies, Inc.. Investors who are current long term investors in Helius Medical Technologies, Inc. (NASDAQ: HSDT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NASDAQ: HSDT stocks follows a lawsuit filed
Investigation for Long-term NYSE: BZH Investors over possible Wrongdoing at Beaz …
An investigation on behalf of current long-term investors in shares of Beazer Homes USA, Inc. (NYSE: BZH) concerning potential breaches of fiduciary duties by certain directors and officers of Beazer Homes USA, Inc. was announced. Investors who are current long term investors in Beazer Homes USA, Inc. (NYSE: BZH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a

All 5 Releases


More Releases for Preferred

01-31-2018 | Sports
CCGrass
CCGrass Appointed as FIH Preferred Supplier
CCGrass, the world’s largest producer of artificial turf products is delighted to announce that the International Hockey Federation (FIH) has confirmed CCGrass’s appointment as an official FIH Preferred Supplier. The Preferred Supplier status is aimed at ensuring only the highest quality hockey pitches are installed, no matter what level of play is required. Within the FIH Quality Programme, being a Preferred Supplier is the highest honor achievable and only goes to
11-29-2012 | Sports
Total Hockey
LIGHTNING NAME TOTAL HOCKEY AS PREFERRED PARTNER
Organizations to Collaborate on HockeyGreen, Youth Hockey Initiatives TAMPA BAY – The Tampa Bay Lightning have named Total Hockey as a preferred partner today, the organization announced. The two organizations will collaborate in an effort to grow the game of hockey at the grass roots level and encourage green efforts in the sport. The partnership’s first endeavor is to integrate HockeyGreen at the professional hockey level. HockeyGreen is Total Hockey’s
PREFERRED CARE ADDRESSES THE PATIENT REVIEW INSTRUMENT
Whitestone, New York – United States – October 11, 2011 - In August of this year the New York Department of Health issued a letter to all hospital CEO’s and nursing home administrators cautioning them of the consequences in failing to obtain proper patient and/or family member signatures on the Patient Review Instrument. Failure to comply with these measures would result in citations and fines. Preferred Care Consulting,
Preferred Office Network Incorporates Pacific Business Centers
San Jose, CA, September 15, 2011 - Preferred Office Network, the nation’s top network of flexible office providers, declared today that it has increase its network size after only half a year in business. This progress originates from incorporating reputable executive suite collaborators Pacific Business Centers, a provider of San Jose virtual office solutions to mobile workers throughout North America, Abby Executive Suites and American Executive Centers. With all of
Portable Gas Heater The Preferred One
The winter season is at its peak, and freezing cold wave is chilling everyone to their bones. Around the globe, the demands for heaters have gone up phenomenally and people are purchasing these lifesavers to ensure that they stay warm and cozy during the harsh winter season. There are several types of heaters in the market that run on either gas or electricity. Gas heaters and electrical heaters have their
Cartridge Filter Enrolls as Preferred Pool Equipments
Cartridge filters have great potential to clean pool water and enhance the safety of ponds. The filtering system can be used on a continuous basis as they have ceaseless functionality. This filtering system can clog all forms of impurities that can be flushed out with water and muriatic acid. The idea to renovate swimming pool systems can be a good thought. But of what use is it if the pool