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, 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.

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 with the United States Securities and Exchange Commission 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.