Atlas Financial Holdings Inc

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Case Summary
Company Name: Atlas Financial Holdings Inc
Stock Symbol : NASDAQ: AFH
Class Period Start: 03/13/2017
Class Period End: 03/02/2018
Lead Plaintiff motion: 05/04/2018
Date Filed: 03/05/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of Illinois
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the May 4, 2018 lead plaintiff deadline in a class action lawsuit filed against Atlas Financial Holdings Inc (NASDAQ: AFH) (“Atlas” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased Atlas Financial Holdings Inc securities between March 13, 2017, and March 2, 2018, have until May 4, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Atlas Financial Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company failed to employ internal controls to ensure appropriate accounting practices; including, but not limited to, the calculation of certain loss reserves; that, as a result, the Company’s internal controls over financial reporting were materially weak; that as a result the Company’s financial statements were inaccurate and misleading, including by understating certain loss reserves; and, that, as a result of the foregoing, Defendants’ statements about Atlas Financial’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On March 1, 2018, Atlas issued a press release entitled “Atlas Financial Holdings Announces Preliminary 2017 Fourth Quarter and Year End Financial Results,” announcing a large increase in its reserves.

Following this news, NASDAQ: AFH fell $7.70, or 40.96%, to close at $11.10 per share on March 2, 2018.

If you were negatively impacted by your investment in Atlas Financial Holdings Inc securities between March 13, 2017, and March 2, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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