Shareholder Hits Specialty Lines Insurer With Stock-Drop Suit

(July 30, 2019, 3:01 PM EDT) -- LOS ANGELES — A shareholder of a specialty personal lines insurance holding company sued the company and two of its senior executives in California federal court on July 25, alleging that the defendants concealed their role in a massive automobile insurance scheme in coordination with Well Fargo Bank N.A. and Wells Fargo & Co. in violation of federal securities laws (City of North Miami Beach Police Officers’ and Firefighters’ Retirement Plan v. National General Holdings Corp., et al., No. 19-6468, C.D. Calif.)....

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