STORY FROM: Reinsurance & Arbitration
Investors Seek Consolidation of Securities Lawsuits Against Reinsurance Services Provider
April 18, 2019
TRENTON, N.J. — An investor group seeks consolidation of two class actions accusing a reinsurance services provider of concealing portfolio risks involving AmTrust Financial Services and misrepresenting the quality and nature of its underwriting and risk management policies and practices.
In an April 12 motion filed in the U.S. District Court for the District of New Jersey, the Maiden Investor Group, comprised of Steve Owen, Dennis R. Johnson, and Julio Queliz seek an order consolidating the two actions pending against Maiden Holdings, Wigglesworth v. Maiden Holdings Ltd., et al., No. 19-5296 and Dougan v. Maiden Holdings Ltd., et al., No. ...