An investigation for investors in AFLAC Incorporated (NYSE:AFL) shares over potential securities laws violations by AFLAC was announced.
San Diego, CA -- (SBWIRE) -- 01/22/2018 -- AFLAC Incorporated is under investigation over possible securities laws violation in connection with financial statements made by AFLAC Incorporated. The investigation was announced on behalf of investors in NYSE:AFL shares.
Investors who purchased shares of AFLAC Incorporated (NYSE:AFL), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by AFLAC Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 11, 2018, an article was published 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 other issues, the article described "employees under pressure to meet sales goals selling policies without customer authorization or consent, illegally 'bundling' policies, and issuing others to ineligible customers"; the Company's "[m]assaging of key operational metrics to prove company growth to investors"; "[e]arnings statement manipulation, by moving sales earned in certain weeks into different quarters to hit numbers"; and "[r]etaliation against whistleblowers".
On January 12, 2018, AFLAC Incorporated issued a statement regarding the allegations and said they contain false allegations made by a very small group of independent contractors and that AFLAC Incorporated intends to aggressively fight these allegations beginning with filing for their dismissal.
Those who purchased shares of AFLAC Incorporated (NYSE:AFL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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