August 15, 2017 (Shareholders Foundation) - An investigation on behalf of investors of National General Holdings Corp (NASDAQ:NGHC) shares over potential securities laws violations by National General Holdings and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of National General Holdings Corp (NASDAQ:NGHC) concerning whether a series of statements by National General Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

New York based National General Holdings Corp. is a specialty personal lines insurance holding company. National General Holdings Corp reported that its annual Total Revenue rose from over $2.48 billion in 2015 to over $3.52 billion in 2016 and that its Net Income increased from $142.25 million in 2105 to $172.22 million in 2016.

Shares of National General Holdings Corp (NASDAQ:NGHC) grew from $17.87 per share in march 2015 to as high as $25.33 per share in February 2017.

On August 8, 2017, Commissioner Dave Jones ordered the California Department of Insurance to open an investigation into recent allegations that Wells Fargo and National General Insurance improperly charged consumers for force-placed or lender-placed auto insurance for consumers who had auto loans with Wells Fargo. National General Holdings Corp was an underwriter of the insurance.

Shares of National General Holdings Corp (NASDAQ:NGHC) declined to as low as $17.95 per share on August 10, 2017.