Maiden Holdings -Investigating Potential Lawsuits
Are you concerned about your investment in Maiden Holdings LTD? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Maiden Holdings Ltd., is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.
According to a press announcement on February 22, 2019, a class action suit was filed after Maiden and certain of its executives were reportedly charged with failing to disclose material information during the Class Period, allegedly violating federal securities laws.
On November 9, 2018, the Company reportedly disclosed quarterly financial results that included a significant net loss of $308.8 million, a $210.4 million adverse prior year loss development in its vital AmTrust operating segment, and an impairment loss of $74.2 million resulting from the sale of business assets.
After the news was released, the price of Maiden’s shares plunged nearly 32%, according to the press announcement.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending Maiden Holdings LTD to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in Maiden Holdings LTD and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.