January 27, 2025
An Illinois federal judge handed Allstate a pretrial win Monday over retirement plan participants' claim that the insurer cost them nearly $70 million by holding on to poor-performing funds, saying the plaintiffs' "apples and oranges" comparisons will not sway a jury in their favor.
August 02, 2024
Claims by a proposed class of current and former Allstate workers that the insurer cost them nearly $70 million by keeping poor-performing funds in their retirement plan should head to trial, the workers argued Friday while urging an Illinois federal court not to toss the suit.
September 30, 2021
An Illinois federal court held that Allstate Corp. must face an ERISA suit lodged by a group of current and former workers who claim the insurer cost them nearly $70 million by keeping poor-performing funds in their profit-sharing retirement plan.
June 10, 2021
Allstate Corp. pushed back Wednesday on a proposed class of current and former employees fighting to maintain claims they lost more than $70 million in retirement savings due to plan mismanagement, saying "the plain truth is that plaintiffs lost nothing."
May 13, 2021
A proposed class of current and former Allstate employees say the insurer can't ditch their claims they lost more than $70 million in retirement savings due to plan mismanagement, arguing an "extensive body" of federal labor law protects their right to sue.
October 30, 2020
Allstate got hit on Friday with a proposed class action claiming current and former employees have lost more than $65 million in retirement savings because the insurer has failed to remove a suite of underperforming investment funds from its retirement plan.