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NEW YORK, Nov. 18, 2016 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of Illinois on behalf of investors who purchased The Allstate Corporation (NYSE:ALL) securities between October 30, 2014 and August 3, 2015.
Click here to learn about the case: http://www.wongesq.com/pslra/the-allstate-corporation. There is no cost or obligation to you.
According to the complaint, during the Class Period, defendants issued false and misleading statements and/or failed to disclose that the reason for the Company’s sudden spike in its auto claims frequency—which defendants claimed was due to external events beyond the Company’s control, including the weather and increased miles driven—was actually the result of Allstate’s growth in its auto policy business through higher risk drivers. As a result of defendants’ false statements and/or omissions, Allstate stock traded at artificially inflated prices during the Class Period, reaching a high of $72.58 per share, and certain of the Company’s insiders, including its CEO, were able to sell their Allstate shares at artificially inflated prices.
If you suffered a loss in Allstate you have until January 9, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/the-allstate-corporation.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
