IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Maiden Holdings, Ltd....
February 13 2019 - 1:53PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Maiden
Holdings, Ltd. (“Maiden” or “the Company”) (NASDAQ: MHLD) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities
and Exchange Commission.
Investors who purchased the Company's shares between March 4,
2014 and November 9, 2018, inclusive (the “Class Period”), are
encouraged to contact the firm before April 12, 2019.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market. Maiden failed to create and
maintain sufficient underwriting processes and risk management
controls necessary to set appropriate prices for reinsurance and
avoid excessive losses. The Company did not take steps to assess
the risk of the portfolio of its largest customer, AmTrust, which
is a related party. Maiden did not undertake independent reviews,
analyses, and audits of AmTrust, which would have discovered the
risk had been understated. Based on these facts, the Company’s
public statements were false and materially misleading throughout
the class period. When the market learned the truth about Maiden,
investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190213005743/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.www.schallfirm.comOffice: 310-301-3335Cell:
424-303-1964info@schallfirm.com
Maiden (NASDAQ:MHLD)
Historical Stock Chart
From Apr 2024 to May 2024
Maiden (NASDAQ:MHLD)
Historical Stock Chart
From May 2023 to May 2024