SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Allstate Corporation – ALL
NEW YORK, Nov. 4, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of The Allstate Corporation (“Allstate” or the “Company”) (NYSE: ALL). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Allstate and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 19, 2022, Allstate announced its financial results for the third quarter of 2022. Among other items, Allstate announced that it expected an adjusted net loss of $400 million to $450 million, impacted by an $875 million charge for unfavorable prior-year reserve re-estimates, excluding catastrophes. In addition, the Company estimated catastrophe losses at $763 million, pretax, for the quarter.
On this news, Allstate’s stock price fell $17.44 per share, or 12.9%, to close at $117.71 per share on October 20, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv
Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
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