Allstate Investors Win Cert. Again In Shoddy-Underwriting Suit

Law360 (December 21, 2020, 6:45 PM EST) -- 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.

Following the appellate court's orders to include evidence of market price impact in its certification analysis, U.S. District Judge Robert Gettleman said he found "several deficiencies" in an expert report Allstate submitted to rebut the presumption that alleged misrepresentations regarding a spike in claims impacted its stock price between October 2014 and August 2015.

For example, the judge said the expert's conclusion that Allstate's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!