Among numerous other wrongdoings, the dispute notice alleged Aflac’s manipulation of one of its “key operational metrics” – the number of average weekly or monthly producers, i.e., sales associates actively selling Aflac insurance during the reporting period – that Aflac had represented to the market as an important indicator of the company’s growth and earnings potential. “These numbers are …
Steel Dynamics Inc., a steel producer headquartered in Fort Wayne, Indiana, has entered into an agreement to settle the direct purchaser class action litigation, Standard Iron Works v. Arcelor Mittal, et al, for $4.6 million. The lawsuit was brought in Chicago federal court in 2008 by a class of direct steel purchasers, alleging that the company, among other steel producers, had participated in …
A new class-action lawsuit has unveiled an eight-year-long antitrust, price-fixing scheme brought by major food conglomerates, including Tyson and Perdue Farms, alleging they killed hens, flocks and destroyed eggs to limit production and raise the price of 98 percent of the chicken sold in the U.S. by nearly 50 percent, according to Hagens Berman. The suit calls the …