National General Holdings Corp.
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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of National General Holdings Corp. (NASDAQ: NGHC) from August 6, 2015 through August 9, 2017, inclusive (the “Class Period”). The lawsuit seeks to recover damages for National General investors under the federal securities laws.
If you bought National General securities between August 6, 2015 and August 9, 2017, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against National General Holdings Corp. – NGHC
New York, N.Y., August 6, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of National General Holdings Corp. (NASDAQ: NGHC) from August 6, 2015 through August 9, 2017, inclusive (the “Class Period”). The lawsuit seeks to recover damages for National General investors under the federal securities laws.
To join the National General class action, go to http://zhanginvestorlaw.com/cases/national-general-holdings-corp/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) National General, together with banking giant Wells Fargo, had engaged in a massive auto insurance scheme in which National General forced thousands of customers to pay for redundant, unnecessary, and overly expensive Collateral Protection Insurance (“CPI”) that they did not need or want; and (2) while National General was concealing its participation in the fraudulent CPI scheme from investors, they were reporting revenues and earnings results that had been artificially inflated by the illegitimate proceeds from the scheme; and (3) as a result of the foregoing, defendants’ positive statements about National General’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 23, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/national-general-holdings-corp/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.