NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of purchasers of the securities of
Maiden Holdings, Ltd. (NASDAQ: MHLD) from March 4, 2014 through November
9, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover
damages for Maiden investors under the federal securities laws.
To join the Maiden class action, go to https://www.rosenlegal.com/cases-1188.html
or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at
866-767-3653 or email email@example.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN
ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD
According to the lawsuit, defendants throughout the Class Period made
false and/or misleading statements and/or failed to disclose that: (1)
Maiden lacked adequate underwriting processes and risk management
controls necessary to accurately price its reinsurance policies, set
appropriate loss reserves and avoid excessive losses; (2) Maiden failed
to take steps necessary to properly assess and cross check the insurance
portfolio of AmTrust, its largest client and a related entity, to ensure
that its reinsurance of AmTrust’s portfolio was properly priced and did
not expose Maiden to the risk of excessive losses; (3) Maiden failed to
conduct appropriate independent reviews, actuarial analyses and audits
of the policies underlying its AmTrust Reinsurance segment, which would
have revealed that the risk of loss from these policies was
significantly understated; (4) as a result of the foregoing, Maiden was
subject to materially heightened risk of financial loss, reserve charges
and diminished prospects; and (5) as a result, defendants’ statements
about its business, operations, and prospects, were materially false and
misleading and/or lacked a reasonable basis at all relevant times. When
the true details entered the market, the lawsuit claims that investors
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than April 12, 2019. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to https://www.rosenlegal.com/cases-1188.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org
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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653