INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Maiden Holdings, Ltd...
March 29 2019 - 9:00PM
Business Wire
The law firm of Kirby McInerney LLP announces that a class
action lawsuit has been filed in the U.S. District Court for the
District of New Jersey on behalf of those who acquired Maiden
Holdings, Ltd. (“Maiden” or the “Company”) (NASDAQ: MHLD)
securities during the period from March 4, 2014 through November 9,
2018 (the “Class Period”). Investors have until April 12, 2019 to
apply to the Court to be appointed as lead plaintiff in the
lawsuit.
According to the complaint, Defendants misled investors about
Maiden’s underwriting and risk management policies and practices
and the risks of its reinsurance portfolio. In particular,
according to the complaint, Defendants misleadingly claimed they
implemented robust analysis and cross-checks to ensure Maiden
appropriately priced the risk of reinsuring an AmTrust insurance
portfolio.
On November 9, 2018, when Defendants disclosed the extent of
Maiden’s reinsurance problems, the price of Maiden shares fell
$1.12, nearly 32%, to close at $2.40 on November 12, 2018.
If you acquired Maiden securities during the Class Period, have
information, or would like to learn more about these claims, please
contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by
email at investigations@kmllp.com, or by filling out this contact
form, to discuss your rights or interests with respect to these
matters without any cost to you.
Kirby McInerney is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190329005561/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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