National General Holdings Corp. (NGHC)

DEFENDANT NAME: National General Holdings Corp.
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Before August 8, 2017

Hagens Berman alerts investors in National General Holdings Corp. (NASDAQ: NGHC) to the firm’s investigation into possible securities law violations related to NGHC’s auto insurance business.

If you purchased or otherwise acquired securities of NGHC before August 8, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

On August 8, 2017, California Insurance Commissioner Dave Jones issued a press release entitled “Commissioner Jones orders investigation of allegations Wells Fargo and National General Insurance unlawfully signed up consumers for auto insurance.” 

More specifically, Commissioner Jones opened an investigation into recent allegations that Wells Fargo and National General Insurance improperly charged consumers for “force-placed” or “lender-placed” auto insurance.  Force-placed or lender-placed insurance refers to insurance a lender requires a borrower to purchase by signing up the borrower for the insurance to cover the vehicle in case the borrower fails to get their own insurance or allows their auto insurance to lapse.

This news drove the price of NGHC shares down $1.47, or over 7%, to close at $19.08 on August 8, 2017. 

 “We’re focused on whether NGHC’s senior management was aware of the problems a year ago, as Wells’  management reportedly was ,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding NGHC should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email

Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.

Back to all cases


Please fill out the form below and we will get back to you as soon as we can.
File Upload *
Additional Information *
Send me: *

Case videos

Case Gallery

Case Timeline