November 16, 2022. The Court in the Amtrust securities matter (Southern District of New York) approved a class action settlement in the amount of $13 million. Plaintiff alleged that defendants misrepresented and omitted material facts concerning the future of the company’s preferred shares, including the shares’ continued listing on the NYSE. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports on market efficiency and loss causation and damages.

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