NEW YORK, July 10, 2020 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of
fiduciary duty and other violations of law by the board of
directors of National General Holdings Corp. ("NGHC" or the
"Company") (NASDAQ: NGHC) in connection with the proposed
acquisition of the Company by The Allstate Corporation ("Allstate")
(NYSE: ALL). Under the terms of the agreement, NGHC
shareholders will be entitled to receive $32.00 in cash and an anticipated pre-closing
dividend of $2.50 per common
share.
If you own NGHC shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/national-general-holdings-corp/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether NGHC's board was truly
independent and fully informed as to the valuation of the proposed
acquisition of the Company, whether the board acted to maximize
shareholder value prior to entering into the acquisition agreement,
and whether all information regarding the valuation of the deal
will be fully and fairly disclosed to NGHC shareholders.
Notably, a voting agreement has been signed with stockholders
controlling 40% of the Company's common shares to vote for the
transaction, calling into question whether the Company's board was
truly acting in shareholder's best interest.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP