SAN FRANCISCO, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Maiden
Holdings Ltd. (NASDAQ: MHLD) to the April 12, 2019 Lead Plaintiff deadline in the securities class action pending
in the United States District Court for the District of New Jersey. If you purchased or otherwise acquired Maiden Holdings
securities between March 4, 2014 and November 9, 2018 (the “class period”) and suffered losses contact Hagens
Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/MHLD
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
MHLD@hbsslaw.com.
According to the complaint, during the class period Defendants misled investors about Maiden’s underwriting and risk management
policies and practices and the risks of its reinsurance portfolio.
In particular, according to the complaint, Defendants misleadingly claimed they implemented robust analysis and cross-checks to
ensure Maiden appropriately priced the risk of reinsuring an AmTrust insurance portfolio.
On November 9, 2018, when Defendants disclosed the extent of Maiden’s reinsurance problems, the price of Maiden shares fell
almost 32% to close at $2.40 on November 12, 2018.
“We’re focused on investors’ losses and the extent to which Defendants’ statements about Maiden’s reinsurance underwriting may
have misled investors,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Maiden should consider their options to
help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who
provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For
more information, call Reed Kathrein at 510-725-3000 or email MHLD@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across
the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the
firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
