LOS ANGELES, CA / ACCESSWIRE / February 21, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Aflac Incorporated ("Aflac" or the "Company") (NYSE: AFL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between February 27, 2013 and January 11, 2018, inclusive (the "Class Period"), are encouraged to contact the firm before April 16, 2018, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Brian Schall or Sherin Mahdavian of The Schall Law Firm, 1880 Century Park East Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at schallfirm.com or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the lawsuit, the company failed to disclose that: (1) Aflac hired its sales associates under false promises of high compensation packages and work-life balance; (2) Aflac misclassified its employees as independent contractors to reduce costs associated with unemployment insurance taxes and employment benefits; (3) Aflac manipulated its average weekly producer equivalent metric to fabricate growth; (4) consequently, Aflac violated its Code of Conduct and corporate social responsibility standards; and (5) as a result, Aflac's public statements were materially false and misleading at all relevant times. When the truth was revealed to the investing public, shares of the Company dropped causing investors harm.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Schallfirm.com
SOURCE: The Schall Law Firm
