ATLAS FINANCIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Atlas Financial Holdings, Inc. – AFH
NEW ORLEANS, March 16, 2018 /PRNewswire/ — Kahn Swick & Foti, LLC («KSF») and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind 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.
What You May Do
If you purchased securities of Atlas and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nasdaqgm-afh/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 4, 2018.
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 Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC