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 Maidens 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 Maidens 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 firstname.lastname@example.org, 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 firms 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 McInerneys website: www.kmllp.com.
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