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7th Circ. Undoes Class Cert. In Allstate Stock-Drop Suit

By Dave Simpson (July 16, 2020, 10:46 PM EDT) -- The Seventh Circuit on Thursday vacated a lower court's decision to certify a class of investors in a stock-drop suit against Allstate Corp., ruling that while class certification may be appropriate, the court didn't adequately consider evidence that Allstate stock prices were not impacted by allegedly lax underwriting standards....

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