National General Holdings Corp. Securities Litigation
On or around 09/23/2020 (Notice of voluntarily dismissal)
Filing Date: August 13, 2020
According to the Complaint, this action stems from a proposed transaction announced on July 7, 2020 (the “Proposed Transaction”), pursuant to which National General Holdings Corp. (“National General” or the “Company”) will be acquired by The Allstate Corporation and Bluebird Acquisition Corp. On July 7, 2020, National General’s Board of Directors caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Allstate. Pursuant to the terms of the Merger Agreement, National General’s stockholders will receive $32.00 in cash plus a special dividend equal to $2.50 in cash for each share of National General common stock they own.
On August 6, 2020, defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction. Plaintiffs allege the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on September 23, 2020.
Company & Securities Information
Defendant: National General Holdings Corp.
Industry: Insurance (Prop. & Casualty)
Headquarters: United States
Ticker Symbol: NGHCO
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
John Post, et al. v. National General Holdings Corp., et al.
COURT: D. Delaware
DOCKET #: 20-CV-01069
JUDGE: Hon. Richard G. Andrews
DATE FILED: 08/13/2020
CLASS PERIOD START: 07/07/2020
CLASS PERIOD END: 08/13/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
Plaintiff's Notice of Voluntary Dismissal
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available