Maiden Holdings Ltd. (NASDAQ: MHLD)
Hagens Berman Sobol Shapiro LLP reminds investors in Maiden Holdings Ltd. (NASDAQ: MHLD) of the April 12, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Central District of California.
If you purchased or otherwise acquired shares of MHLD between March 4, 2014 and November 9, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing MHLD@hbsslaw.com.
According to the complaint, during the class period Defendants misled investors about Maiden’s underwriting and risk management policies and practices and the risks of its reinsurance portfolio.
In particular, according to the complaint, Defendants misleadingly claimed they implemented robust analysis and cross-checks to ensure Maiden appropriately priced the risk of reinsuring an AmTrust insurance portfolio.
On November 9, 2018, when Defendants disclosed the extent of Maiden’s reinsurance problems, the price of Maiden shares fell almost 32% to close at $2.40 on November 12, 2018.
“We’re focused on investors’ losses and the extent to which Defendants’ statements about Maiden’s reinsurance underwriting may have misled investors,” said Hagens Berman partner Reed Kathrein.
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