🏦 In re AmTrust Financial Services, Inc. Securities Litigation Settlement
Open
Defendant: AmTrust Financial Services, Inc.; Barry D. Zyskind; Ronald E. Pipoly, Jr.; and the underwriter defendants | Category: Financial Services & Banking | Added: 2026-10-03
Alleged Issue
Investors allege that AmTrust's publicly reported financial results from 2012 through 2016 were materially misstated and later restated, and that the registration statements and prospectuses for the company's November 2015 common stock offering and September 2016 Series F preferred stock offering contained inaccurate statements of material fact.
Eligibility
Persons and entities who purchased AmTrust common stock issued in or traceable to its November 11, 2015 public offering and/or AmTrust 6.95% Non-Cumulative Preferred Stock, Series F issued in or traceable to its September 27, 2016 public offering, and were damaged thereby.
Estimated Payout
$19,000,000 settlement fund; payments distributed pro rata based on each class member's recognized losses
Claim Deadline
2026-10-07
Last verified
October 3, 2026
Background
A $19 million settlement has been reached in In re AmTrust Financial Services, Inc. Securities Litigation, Civil Action No. 1:17-cv-01545-LAK, pending in the United States District Court for the Southern District of New York. The class action arises from AmTrust's admissions that its financial statements for 2012 through 2016 were materially misstated and required restatement, and from alleged misstatements in the offering materials for the company's November 11, 2015 $320,000,000 common stock offering and its September 27, 2016 $287,500,000 6.95% Non-Cumulative Preferred Stock, Series F offering. The settlement resolves claims on behalf of two subclasses of purchasers and must still receive final court approval, with a fairness hearing set for November 19, 2026. Claims must be filed by the October 7, 2026 deadline.