Aflac plummets after allegations that the company deceived shareholders
Advertisement
Advertisement
- Shares of Aflac plummeted on Friday after the company was alleged to have "exploited workers, manipulated its accounting, and deceived shareholders and customers."
- Aflac's shares were down 7.84% to $84.50 a share on Friday.
- The investigative news site The Intercept first broke the news, interviewing nine former employees who have sued the company over the claims.
- Aflac released a statement calling the allegations false. The insurer said it had investigated the claims and "found them to be without merit." It intends to file for a dismissal of the lawsuit.
- Aflac's stock was down 3.14% year-to-date.
Read about the SEC's bust of a $1.2 billion Ponzi scheme that bilked senior citizens.
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO
- Sustainable Event Planning
- Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project
- As back-to-office avatars turn casual, comfy sneaker sales pick up pace