An investigation on behalf of investors in National General Holdings Corp (NASDAQ: NGHC) shares over potential wrongdoing at National General Holdings was announced.
San Diego, CA -- (SBWIRE) -- 06/25/2019 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at National General Holdings.
Investors who purchased shares of National General Holdings Corp (NASDAQ: NGHC) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain National General Holdings Corp (NASDAQ: NGHC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based National General Holdings Corp. is a specialty personal lines insurance holding company. National General Holdings Corp reported that its annual Total Revenue rose from over $2.48 billion in 2015 to over $3.52 billion in 2016 and that its Net Income increased from $142.25 million in 2105 to $172.22 million in 2016.
Shares of National General Holdings Corp (NASDAQ:NGHC) grew from $17.87 per share in march 2015 to as high as $25.33 per share in February 2017.
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 Holdings Corp was an underwriter of the insurance.
Shares of National General Holdings Corp (NASDAQ: NGHC) declined to as low as $17.95 per share on August 10, 2017.
Those who purchased shares of National General Holdings Corp (NASDAQ: NGHC), have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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