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In re the Allstate Corporation Securities Litigation
Case Number:
1:16-cv-10510
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Baker McKenzie
- DLA Piper
- Heffner Hurst
- Hoguet Newman
- Phillips Lytle
- Pomerantz LLP
- Robbins Geller
- Salvatore Prescott
- Skadden Arps
Companies
Sectors & Industries:
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August 15, 2023
Allstate Investors Ink $90M Settlement In Underwriting Suit
Investors suing Allstate have asked a federal judge in Illinois to approve a $90 million settlement, saying the deal satisfies their claims that the insurance giant secretly lowered underwriting standards to boost business.
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July 26, 2022
Allstate Gets Investors' Shoddy-Underwriting Suit Trimmed
An Illinois federal judge partially granted Allstate Corp.'s summary judgment bid against a certified investor class action by tossing one of the securities fraud claims in the suit that accuses the insurance company of secretly lowering underwriting standards to boost business.
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December 21, 2020
Allstate Investors Win Cert. Again In Shoddy-Underwriting Suit
An Illinois federal judge on Monday certified a class of investors accusing Allstate Corp. of secretly lowering underwriting standards to boost business, after the Seventh Circuit vacated the initial certification so the judge could consider additional evidence.
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May 08, 2019
Allstate Seeks Pause In Investor Suit To Appeal Class Cert.
Allstate Corp. asked an Illinois federal judge Tuesday to pause discovery while it asks the Seventh Circuit to review a class certification order he entered in an investor suit accusing the insurer of secretly lowering underwriting standards to boost business.
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October 09, 2018
Allstate Says Performance, Not Fraud, Caused Stock Drop
Allstate Corp. has asked an Illinois federal judge to deny class certification to investors accusing the insurer of concealing loose underwriting in a bid to boost business, arguing that any subsequent dips in Allstate's stock were due to company performance, not fraud.
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February 27, 2018
Allstate Must Face Investor Claims Over Shoddy Underwriting
An Illinois federal judge on Tuesday rejected The Allstate Corp.'s bid to dismiss a proposed class action accusing it of unlawfully concealing its lowered underwriting standards as the reason for a spike in auto insurance claims, saying the plaintiffs cited enough allegedly misleading statements to allow their case to proceed.
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June 02, 2017
Allstate Seeks Dismissal Of Claims It Hid Shoddy Underwriting
Auto insurance giant Allstate Corp. asked an Illinois federal judge on Thursday to end a fraud suit by investors who claim that it propped up its stock price by failing to admit that a substantial rise in claims was driven by its decision to lower standards for which drivers it would insure, saying there was no cover-up.