NEW ORLEANS, April 6, 2018 /PRNewswire/ -- ClaimsFiler, a FREE
shareholder information service, reminds investors that they have
until May 4, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
Atlas Financial Holdings, Inc. (NasdaqGM: AFH), if they purchased
the Company's securities between March 13,
2017, and March 2, 2018,
inclusive (the "Class Period"). This action is pending in
the United States District Court
for the Northern District of Illinois.
Get Help
Atlas investors should visit us at
https://www.claimsfiler.com/cases/view-atlas-financial-holdings-inc-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Atlas and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On March 1, 2018, the Company
disclosed that, following "a comprehensive review of its reserves"
it was substantially increasing its overall reserves "based on
year-end actuarial work coupled with a detailed internal file audit
for claims with reserves not established by the Company's
predictive analytics tools…."
On this news, the price of Atlas' shares plummeted $7.70 per share, over 40%, to close at
$11.10 per share on March 2, 2018, on unusually heavy trading
volume.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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