Glancy Prongay & Murray LLP Commences Investigation on Behalf of The Allstate Corporation Investors
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of The Allstate Corporation
(“Allstate” or the “Company”) (ALL) investors concerning the Company and its officers’ possible violations of federal securities laws.
On August 3, 2015, post-market, Allstate disclosed its second quarter 2015 financial results. In its report Allstate announced a
third consecutive quarter of heightened auto claims frequency, a 57% reduction in operating income and operating earnings per share
that were $0.34 under analysts' estimates. Following Allstate's earnings release, the Company's Chief Executive Officer stated that
the lower quarterly profit was primarily caused by "a deterioration in auto insurance margins" claiming that “margins decreased as
higher claim frequency and severity more than offset average auto insurance price increases."
Due to these disclosures, Allstate's share price fell over 10%, to close at $62.34 on August 4, 2015.
If you purchased Allstate securities, have information or 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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