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Case Status:    DISMISSED    
On or around 07/06/2018 (Notice of voluntarily dismissal)

Filing Date: May 09, 2018

According to the Complaint, AmTrust Financial Services, Inc. ("AmTrust" or the "Company") is a multinational insurance holding company headquartered in New York. The Company offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile, general liability, and extended service and warranty coverage through its primary insurance subsidiaries rated “A” (Excellent) by A.M. Best.

This action stems from a proposed transaction announced on March 1, 2018 (the “Proposed Transaction”), pursuant to which AmTrust will be acquired by Evergreen Parent, L.P. (“Parent”), an entity formed by private equity funds managed by Stone Point Capital LLC (“Stone Point”).

On March 1, 2018, AmTrust’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Parent and Evergreen Merger Sub, Inc. (“Merger Sub”). Pursuant to the terms of the Merger Agreement, shareholders of AmTrust will receive $13.50 per share in cash.

On April 9, 2018, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction.

The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed
Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on July 6, 2018.


Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: United States


Ticker Symbol: AFSI
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 18-CV-04175
JUDGE: Hon. Paul G. Gardephe
DATE FILED: 05/09/2018
CLASS PERIOD END: 05/09/2018
  1. Rigrodsky & Long, P.A. (Garden City)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available