Roy Jacobs & Associates Announces Investigation on Behalf of Preferred Stockholders of AmTrust Financial Services, Inc. (“A...
19 January 2018 - 5:53AM
Business Wire
Roy Jacobs & Associates announces that it is investigating
possible claims involving the rights of AFSI preferred
stockholders, Series A through F (AFSI and AFSI-PA, AFSI-PB,
AFSI-PC, AFSI-PD, AFSI-PE and AFSI-PF at Yahoo Finance).
If you are a holder of AFSI Preferred stock, and desire further
information, please contact Roy L. Jacobs, Esq. toll-free at
1-888-884-4490 or by e-mail to rjacobs@jacobsclasslaw.com.
AmTrust Financial Services, Inc. (Nasdaq: AFSI) (the "Company"
or "AmTrust"), announced that its board of directors appointed a
special committee to consider the January 9, 2018, proposal from
private equity funds and the Company management to take the Company
private. This proposal may create financial uncertainties which
adversely affect the rights of the Preferred shares. Due to these
uncertainties, Preferred shares have fallen roughly 25% in value.
As one journalist has observed: “Problems that could persist after
a buyout include the ongoing review by A.M. Best of AmTrust's
credit rating, ‘with negative implications.’ The announced buyout
deal didn't mention AmTrust's $900 million in non-cumulative
preferred stock, whose dividends might be affected.”
The Board of Directors has announced no action thus far to
protect the Preferred holders.
If you are a holder of the Preferred stock, series A-F of AFSI
and continue to hold your shares and you are concerned about this
possible wrongdoing (or failure to protect your rights) and wish to
discuss your rights, please contact Roy L. Jacobs. Mr. Jacobs will
be glad to personally speak with you without charge, toll-free at
1-888-884-4490 or by e-mail to rjacobs@jacobsclasslaw.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180118006211/en/
Roy Jacobs & AssociatesRoy L. Jacobs, Esq.1-888-884-4490
(Toll-free)rjacobs@jacobsclasslaw.comwww.jacobsclasslaw.com
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