NEW YORK--(BUSINESS WIRE)--
Bragar Eagel & Squire, P.C. is investigating potential claims against Aflac Incorporated (NYSE:AFL). Our investigation concerns whether Aflac has violated the federal securities laws and/or engaged in other unlawful business practices.
On January 11, 2018, post-market, The Intercept published an article entitled “Behind the Duck: Former Aflac Employees Allege Fraud and Abuse in Nearly Every Aspect of Company.” Citing “interviews with multiple current and former employees, as well as three previously unreported lawsuits,” the article reported that “Aflac has exploited workers, manipulated its accounting, and deceived shareholders and customers.” Among the allegations, the article found that Aflac employees were pressured “to meet sales goals selling policies without customer authorization or consent” and to engage in illegal bundling policies. Additionally, the article suggests that whistleblowers faced retaliation and the Company engaged in earnings statement manipulation “moving sales earned in certain weeks into different quarters to hit numbers.”
Following this news, Aflac’s shares fell $6.75 per share, or 7.4%, on January 12, 2018.
If you purchased or otherwise acquired Aflac shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Aflac, please go to www.bespc.com/afl. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.
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