LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Maiden Holdings, Ltd. To Contact The Firm
NEW YORK--(BUSINESS WIRE)--Apr 1, 2019--Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Maiden Holdings, Ltd. (“Maiden” or the “Company”)(NASDAQ:MHLD) of the April 12, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Maiden stock or options between March 4, 2014 and November 9, 2018 and would like to discuss your legal rights, click here:www.faruqilaw.com/MHLD. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Maiden common stock between March 4, 2014 and November 9, 2018 (the “Class Period”). The case, Wigglesworth v. Maiden Holdings, Ltd. et al., No. 19-cv-05296 was filed on February 11, 2019, and has been assigned to Judge Renee Marie Bumb.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to accurately represent the quality and nature of Maiden’s underwriting and risk management policies and practices and the risks of its reinsurance portfolio. In reality, the Company had failed to employ sufficient underwriting and risk management protocols and had largely abdicated its responsibility to ensure that its AmTrust Reinsurance segment priced policies commensurate with the risk assumed by the Company.
As the Company’s fraud was gradually revealed through several corrective disclosures, Maiden’s share price declined significantly, causing harm to investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Maiden’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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CONTACT: FARUQI & FARUQI, LLP
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New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE: Faruqi & Faruqi, LLP
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PUB: 04/01/2019 03:47 PM/DISC: 04/01/2019 03:47 PM