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SAN DIEGO, August 3, 2019 / PRNewswire / – Johnson Fistel Law Firm, LLP, Reminds Investors That a Clbad Action Has Been Initiated Against National General Holdings Corp. (NASDAQ: NGHC) on behalf of all common share buyers during the period between August 6, 2015 and August 9, 2017, inclusive (the "clbad period").
If you wish to serve as principal applicant, you must move the Court by the September 23, 2019. If you wish to discuss this action, if you have any questions regarding this notice, your rights or interests, please contact the Senior Analyst. Jim Baker ([email protected]) at 619-814-4471. If you are sending an email, please include your phone number.
In addition, you can[[[[click here to join this action]. There is no cost or obligation for you.
The complaint in this clbad action alleges that, throughout the recourse period, the defendants made false and misleading statements, as well as failed to disclose material adverse facts about the activities, activities and prospects. of the society. Specifically, the defendants failed to disclose to investors: (1) that the company had put in place a mbadive forced-charge protection ("CPI") system forced to force its own customers to fraudulently contract insurance policies; car insurance not subscribed and useless; (2) that the company's unlawful conduct of unwanted and unwanted automobile insurance for its customers resulted in some of the victims being declared delinquent, having a detrimental effect on their solvency and allowing their cars to be confiscated in an abusive manner; (3) that the company was exposed to extreme risk of regulatory control, legal risk and reputational damage as a result of its participation in the forced CPI system; (4) that the company has failed to maintain effective internal controls over its financial reporting, including by not maintaining sufficient official documentation to reasonably ensure the accuracy of internal reporting and disclosure procedures; accounting for most of its activities, including insurance premiums; (5) the quarterly business and insurance premiums reported by the Company were partly the product of a fraudulent insurance system forced and were therefore inflated artificially and unsustainably ; and (6) that the company had in fact lost significant business with Wells Fargo, as Wells Fargo had terminated the forced CPI system after finding that it entailed a risk reputation and excessive legal exposure.
If you are a long-term shareholder of National General continuously holding shares before August 6, 2015you may have the right to hold General General innocent of the alleged harm caused by the directors and officers of the company by making them personally liable. You will also be able to contribute to the reform of the company's corporate governance to prevent wrongdoing.
[[[[click here to join this action]. There is no cost or obligation for you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized law firm with offices in California, New York and Georgia. The company represents individual and institutional investors in lawsuits involving derivatives and equities. For more information on the firm and its lawyers, please visit http://www.johnsonfistel.com. Public Prosecutor. Past results do not guarantee future results.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
SOURCE Johnson Fistel, LLP
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