LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of National General Holdings Corp. (“National General” or “the Company”) (NASDAQ: NGHC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. National General conspired with Wells Fargo in a scheme to force Wells Fargo’s customers to pay for auto insurance that they did not need or want. The Company possessed evidence that the customers already had insurance coverage through their own means, but forced them into expensive and unnecessary “CPI” policies anyways. The New York Times exposed the insurance scheme on July 27, 2017, resulting in National General facing regulatory investigations, civil lawsuits, and scrutiny from Congress. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about National General, investors suffered damages.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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