NEW YORK, Aug. 8, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of National General Holdings Corporation ("National General" or the "Company") (NASDAQ: NGHC). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, Ext. 9980.
The investigation concerns whether National General and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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 at issue.
On this news, National General's share price fell $1.47, or 7.13%, to close at $19.08 on August 8, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP