NEW YORK, NY / ACCESSWIRE / March 7, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Atlas Financial Holdings, Inc. (''Atlas'' or the ''Company'') (NASDAQ: AFH). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/afh.
The investigation concerns whether Atlas and certain of its officers and/or directors have violated federal securities laws.
On March 4, 2019, Atlas issued a press release announcing, among other things, that ''[a]ctuarial work conducted in connection with year-end indicated a need to increase reserve estimates for unpaid losses due primarily to bodily injury claims from accident years 2016 and prior.'' Specifically, the Company's President and Chief Executive Officer stated that ''[t]hese claims are showing higher severity and have been open for longer periods than we had estimated'' and that Atlas had ''strengthened reserves to account for the possibility of higher costs for the tail on these prior accident years.'' Following this announcement, Atlas's stock price fell $4.14 per share, or 60.88%, to close at $2.66 on March 5, 2019.
If you are aware of any facts relating to this investigation, or purchased Atlas shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/afh. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC