AmTrust drops 17% on financial statement warning

AmTrust's share price plummeted by over 17 percent in early
trading on Friday following a statement late yesterday in which the
company revealed that its financial reports for the last three
years were wrong.
The shares closed yesterday at $21.61 but this morning fell to
$17.79 in the wake of the revelations.
The insurer said consolidated financial statements for 2014 and
2015 as well as those covering the first nine months of last yearare unreliable because of accounting errors....