Thieler Law Corp advises investors with losses exceeding $100,000 of the September 23, 2019 lead plaintiff deadline in a class action lawsuit filed against National General Holdings Corp (NASDAQ: NGHC) (“National General” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased National General Holdings Corp securities between August 6, 2015 to August 9, 2017, have until September 23, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased National General Holdings Corp securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that National General, together with banking giant Wells Fargo, had engaged in a massive 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; and while National General was concealing its participation in the fraudulent CPI scheme from investors, they were reporting revenues and earnings results that had been artificially inflated by the illegitimate proceeds from the scheme; and as a result of the foregoing, defendants’ positive statements about National General’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

On July 27, 2017, an article published by The New York Times revealed for the first time the CPI forced-placed insurance scheme. According to the article, an internal report commissioned by Wells Fargo's executives, which reportedly stated that more than 800,000 auto loan customers, including active military personnel, had paid for unnecessary CPI, pushing nearly 274,000 of them into delinquency and resulting in more than 20,000 unlawful vehicle repossessions.

Following this news, NASDAQ: NGHC fell from $21.26 on July 26, 2017 to $18.00 on August 10, 2017, a $3.26 or a 15.33% drop.

If you were negatively impacted by your investment in National General Holdings Corp securities between August 6, 2015 to August 9, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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