Carl Icahn, who owns 18.4M shares or 9.4% of AmTrust Financial Services, commenced litigation against AmTrust, Chairman and CEO Barry Zyskind, and board members George Karfunkel and Leak Karfunkel. The complaint was filed in the Court of Chancery of the State of Delaware. The complaint alleges, among other things, that the Zyskind/Karfunkel going-private transaction “undervalues the company and is happening at the wrong price and at the wrong time” and that the company and the families “have manipulated the record date, which could result in a shareholder vote that severely tilts the playing field to advantage the Zyskind/Karfunkel families, while blatantly disadvantaging the public shareholders.”