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AmTrust Financial net loss grows to $1.01 million in May on zero sales
By Caroline Salls
Pittsburgh, June 21 - AmTrust Financial Corp. had a net loss of $1.01 million on zero revenues for May, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Ohio.
In comparison, AmTrust posted an $827,924 net loss for April, also on zero revenues.
The company had $211,726 in cash at May 31, up from $6,522 in April.
AmTrust Financial is the Cleveland-based holding company for AmTrust Bank. The company filed for bankruptcy on Nov. 30, 2009. Its Chapter 11 case number is 09-21323.
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