September 11, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Maiden Holdings, Ltd. (NASDAQ:MHLD) shares over potential securities laws violations by Maiden Holdings, Ltd. (NASDAQ:MHLD and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Maiden Holdings, Ltd. (NASDAQ:MHLD) concerning whether a series of statements by Maiden Holdings, Ltd. (NASDAQ:MHLD regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Bermuda based Maiden Holdings, Ltd. (Maiden) is a holding company that focuses on serving the needs of regional and specialty insurers in the United States.
Maiden Holdings, Ltd. reported that its annual Total Revenue rose from over $2.57 billion in 2015 to over $2.7 billion in 2016 and that its Net Income declined from $124.48 million in 2015 to $48.98 million in 2016.
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) declined from $18.60 per share in February 2017 to as low as $6.25 per share on September 7, 2017.