Fryman v. Atlas Financial Holdings, Inc. et al
Case Number:
1:18-cv-01640
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Honorable Franklin U. Valderrama
Firms
Companies
Sectors & Industries:
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December 05, 2022
Transpo Insurer Atlas Reaches $5M Deal To End Investor Suit
Investors in transportation insurance company Atlas Financial Holdings have asked a Chicago federal court to give an initial nod to a $5 million settlement deal that would end claims the company failed to properly manage its loss reserves, hurting investors when revelations about the reserves pushed down trading prices for its shares.
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May 26, 2020
Transpo Insurer Atlas Beats Stock Suit Over Loss Reserves
An Illinois federal judge held on Tuesday that shareholders in Atlas Financial Holdings haven't adequately alleged that the commercial transportation insurer knew its loss reserves were underfunded in recent years but withheld that information from investors.