Maiden Holdings, Ltd. (NASDAQ GS: MHLD) Securities Investigation on Behalf of Maiden Holdings, Ltd. Investors
Kehoe Law Firm, P.C. securities attorneys are investigating potential securities fraud class action lawsuit claims on behalf of investors in Maiden Holdings, Ltd. (NASDAQ GS: MHLD) common stock or other securities in connection with whether MHLD issued materially misleading information to the investing public.
Maiden Holdings, Ltd. Announces $39.7 Million Net Adverse Development for the Six Months Ended June 30, 2017
On May 10, 2017, MHLD disclosed a net adverse development for its AmTrust Reinsurance segment of $10.3 million, which it attributed to conservative methodology, downplaying any concerns. On August 9, 2017, MHLD disclosed another net adverse development of $29.5 million. For the AmTrust Reinsurance segment, MHLD reported a net adverse development of $29,426 and $39,745 for the three and six months ended June 30, 2017, respectively, reportedly coming largely from non-program casualty, where elevated loss activity had been observed.
On this news, Maiden’s share price fell $2.83, or 12.78%, to close at $7.73 on August 9, 2017.
Have You Purchased or Acquired Maiden Holdings, Ltd. Shares?
If you purchased or acquired MHLD common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.