National General Holdings Corp. Securities Litigation
On or around 01/30/2020 (Date of last review)
Filing Date: July 25, 2019
According to the Complaint, National General is a specialty lines insurance holding company.
The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding National General’s business and operations. Specifically, the Complaint alleges that Defendants failed to disclose that National General, together with banking giant Wells Fargo, had engaged in a massive insurance scheme to bilk Wells Fargo customers out of millions of dollars.
On October 21, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. On November 19, the Court issued an Order granting the Motion to transfer the case. The case was transferred to the Southern District of New York under Docket 19-CV-10825 on November 22.
On January 14, 2020, Lead Plaintiff filed an amended Complaint.
Company & Securities Information
Defendant: National General Holdings Corp.
Industry: Insurance (Prop. & Casualty)
Headquarters: United States
Ticker Symbol: NGHC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
City of North Miami Beach Police Officers' and Firefighters' Retirement Plan, et al. v. National General Holdings Corp., et al.