AmTrust
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A New York judge said KBW did not allege “any actual injuries” by claiming the move hurt its reputation. -
The carrier's statutory financial statements were criticised by a short seller for alleged misstatements.
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The company is fighting a lawsuit filed by KBW over the delisting of $1.2bn in preferred securities from the NYSE in connection with a buyout.
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The reinsurer has 180 days to comply with Nasdaq rules otherwise it will be delisted.
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AmTrust's preference shares will no longer be listed on the New York Stock Exchange after the company's board approved the move.
