Scott+Scott Attorneys at Law LLP Continues Investigating National General Holdings Corp.’s Directors and Officers for Breach of Fiduciary Duties – NGHC
NEW YORK--(BUSINESS WIRE)--Oct 11, 2019--
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, continues to investigate whether certain directors and officers of National General Holdings Corp. (“National General”) (NASDAQ: NGHC) breached their fiduciary duties to National General and its shareholders. If you are a National General shareholder, you may contact attorney Joe Pettigrew for additional information at 844-818-6982 or firstname.lastname@example.org.
Scott+Scott is investigating whether members of National General’s Board of Directors (the “Board”) made false and/or misleading statements, and failed to disclose material adverse facts, about National General’s business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information, including whether: (1) National General, together with Wells Fargo, engaged in an 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; (2) while National General was concealing its participation in the fraudulent CPI scheme, they were reporting revenues and earnings results that had been artificially inflated by the illegitimate proceeds from the scheme; and (3) as a result, defendants’ statements about National General’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On August 8, 2017, Commissioner Dave Jones ordered the California Department of Insurance “to open an investigation into recent allegations that Wells Fargo and National General Insurance improperly charged consumers for ‘force-placed’ or ‘lender-placed’ auto insurance for consumers who had auto loans with Wells Fargo.” National General was an underwriter of the insurance. Following this news, National General stock dropped sharply.
What You Can Do
If you are a National General shareholder, you may have legal claims against National General’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or email@example.com.
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191011005428/en/
CONTACT: Joe Pettigrew
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 17th Floor, New York, NY 10169
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Scott+Scott Attorneys at Law LLP
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PUB: 10/11/2019 12:03 PM/DISC: 10/11/2019 12:03 PM