In Re Amtrust Financial Servic

  1. October 31, 2024

    2nd Circ. Draws BDO Back In Investor Suit In Revised Opinion

    The Second Circuit on Thursday reversed course in an amended opinion about an investor suit over financial restatements made by AmTrust Financial Services Inc., finding that auditor BDO USA LLP is not off the hook for certifying the insurer's financial statements.

  2. April 10, 2024

    BDO Fights SEC's 'Misdirected' Call For 2nd Circ. Rehearing

    BDO USA LLP is urging the Second Circuit not to reconsider a decision that freed the firm from private litigation over AmTrust Financial Services Inc.'s financial restatements, saying the court should not heed "misdirected concerns" from the U.S. Securities and Exchange Commission about the ruling's supposed impact on shareholders' ability to sue public company auditors.

  3. August 24, 2023

    2nd Circ. Partially Revives AmTrust Investors' Fraud Suit

    The Second Circuit has partially revived a securities fraud suit against AmTrust Financial Services Inc., holding that a district court judge incorrectly determined that public statements about quarterly reports were nonactionable opinions and that some investor claims should therefore move forward.