AmTrust Financial Services Inc. (AFSI:US) said its outlook remains positive after the stock fell as much as 20 percent following a report by GeoInvesting that challenged the insurer’s accounting.
“AmTrust’s financial position has never been stronger,” Chief Executive Officer Barry Zyskind said today in a statement. “Recent negative articles that individuals have distributed are false and misleading and are being distributed with the intention of manipulating the shares of AmTrust in order to benefit those who own short position in our shares.”
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