07/01/2017 14:00:00

ALL LOSS NOTICE: Rosen Law Firm Reminds The Allstate Corporation Investors of Important January 9 Deadline in Class Action - ALL

Related content
13 Feb - 
Transwestern Development Co. and Allstate Acquire 3.2 A..
08 Feb - 
Griffin Capital Essential Asset REIT II Makes First Acq..
24 Dec - 
ALLSTATE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY..

NEW YORK, Jan. 07, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of The Allstate Corporation securities (NYSE:ALL) from October 30, 2014 through August 3, 2015, both dates inclusive (the “Class Period”) of the important January 9, 2017 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Allstate investors under the federal securities laws.

To join the Allstate class action, go to http://www.rosenlegal.com/cases-993.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that the reason for the sudden spike in its auto claims frequency, which defendants claimed was due to external events beyond the Allstate’s control, was actually the result of Allstate’s growth in its auto policy business through higher risk drivers. On August 3, 2015, Allstate reported disappointing second quarter 2015 financial results, including a third consecutive quarter of increased auto claims frequency, a 57% decline in operating income, and operating earnings per share that were $0.34 below analysts’ consensus estimate. On that same day, Allstate’s CEO stated that the lower quarterly profit was “driven by a deterioration in auto insurance margins” and explained that “[a]uto insurance margins decreased as higher claim frequency and severity more than offset average auto insurance price increases.” On this news, shares of Allstate fell $7.04 per share to close at $62.34 per share on August 4, 2015.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-993.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

Kevin Chan, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 34th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

kchan@rosenlegal.com

www.rosenlegal.com

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

P. Schoenfeld Asset Management LLP : Form 8.3 - Booker Group plc

21/09/2017 15:00:13
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: P. Schoenfeld Asset Management LLP (b) Owner or..

Travis Perkins PLC : Director/PDMR Shareholding

21/09/2017 13:07:29
Travis Perkins PLC (the 'Company') Notifications of transactions by Persons Discharging Managerial Responsibilities ('PDMRs') The Company was notified today, 21 September 2017, that on 20 September 2017 the PDMRs listed below were granted options over ordinary shares of 10 pence each in the Company under the Company's Sharesave scheme at an option price of £11.85. ..

Dimensional Fund Advisors Ltd. : Form 8.3 - John Wood Group Plc - Ordinary shares

21/09/2017 10:20:38
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser:   Dimensional Fund Advisors Ltd. ("Dimensional"), in its capacity ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
CSCMP Panel to Showcase the AI-Driven Supply Chain
2
BlueJeans Positioned in the “Visionaries” Quadrant of the Gartner Magic Quadrant for Meeting Solutions
3
NANTKWEST INVESTOR INVESTIGATION ALERT – Andrews & Springer LLC Is Investigating NantKwest, Inc. For Potential Breaches of Fiduciary Duty
4
AVRA Medical Robotics, Inc. Updates Shareholders and the Investment Community With Respect to Recent Events Raising AVRA’s Visibility in the Medical Robotics Field
5
Smithfield Foods’ Helping Hungry Homes® and Food Lion Donate Nearly 40,000 Pounds of Protein to the Foodbank of Central & Eastern North Carolina

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
22 September 2017 09:06:45
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170921.1 - EUROWEB3 - 2017-09-22 10:06:45 - 2017-09-22 09:06:45 - 1000 - Website: OKAY