Last week, I wrote an article: AmTrust Financial (AmTrust) Predatory Action: High risk opportunity. The article provides a detail introduction to the investment case. In this article, I would like to focus on the latest development.
4/2/2019, Keefe, Bruyette & Woods, Inc. (KBW), an underwriter for AmTrust preferred securities and debt notes, filed a litigation AmTrust yesterday, alleging reputational harm in connection with AmTrust’s delisting announcement and has moved to preliminarily enjoin AmTrust from moving forward with the delisting. The litigation can be found here. Document number 2.
One day later,