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Aflac Incorporated (AFL)

NYSE:AFL

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Aflac Incorporated To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Aflac Incorporated (“Aflac” or the “Company”) (NYSE:AFL) of the April 16, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Aflac stock or options between February 27, 2013 and January 11, 2018 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Middle District of Georgia on behalf of all those who purchased Aflac common stock between February 27, 2013 and January 11, 2018 (the “Class Period”).  The case, Martin v. Aflac Incorporated et al, No. 4:18-cv-00031 was filed on February 9, 2018 and has been assigned to Judge Clay D. Land.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) Aflac hired its sales associates under false promises; (ii) Aflac misclassified its employees as independent contractors to reduce costs associated with unemployment insurance taxes and employment benefits; (iii) Aflac manipulated its average weekly producer equivalent metric to fabricate growth; (iv) consequently, Aflac violated its Code of Conduct and corporate social responsibility standards, and (v) as a result, Aflac’s public statements were materially false and misleading.

Specifically, after market close on January 11, 2018, the news publication The Intercept released a report revealing undisclosed lawsuits against Aflac for exploitation of workers, manipulation of accounting, and insider trading.  On this news, Aflac’s share price fell from $91.69 per share on January 11, 2018 to a closing price of $84.94 on January 12, 2018—a $6.75 or a 7.36% drop.

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  • Case:
    Aflac Incorporated (AFL)
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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 02/12/2018

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