Aflac plummets after allegations that the company deceived shareholders (AFL)


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.
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Source:: Businessinsider – Finance


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