LOS ANGELES, CA / ACCESSWIRE / April 24, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Atlas Financial Holdings, Inc. ("Atlas" or the "Company") (NASDAQ: AFH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between March 13, 2017, and March 2, 2018, inclusive, are encouraged to contact the firm before May 4, 2018, the lead plaintiff deadline.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) Atlas failed to employ internal controls to ensure appropriate accounting practices, including, but not limited to, the calculation of certain loss reserves; (2) Atlas's internal controls over financial reporting were materially weak; (3) consequently, Atlas's financial statements were inaccurate and misleading, including by understating certain loss reserves; and (4) as a result, defendants' statements about Atlas's business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When the truth about these actions was revealed to the investing public, shares dropped, causing shareholders harm.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Schallfirm.com
SOURCE: The Schall Law Firm