According to the Complaint, AmTrust is an insurance holding company headquartered in New York, New York and incorporated in Delaware. Through its subsidiaries, AmTrust provides specialty property and casualty insurance products. AmTrust provides insurance services in all fifty states, the District of Columbia, and Puerto Rico.

This action is brought on behalf of investors who purchased AmTrust preferred shares on the open market during the Class Period. The Complaint alleges that throughout the Class Period, the prices at which Plaintiff and the Class purchased AmTrust preferred stock were artificially inflated as a result of Defendants' materially false and misleading statements and omissions of material fact concerning the future viability and market for AmTrust's preferred shares.