Allstate defamation suit fails to show injury

Trial Notebook

By Steven P. Garmisa

Hoey & Farina

Posted January 29, 2019 12:23 PM

Jurors whacked Allstate Insurance Co. with a $27 million verdict for a report to the Securities and Exchange Commission and an internal memo that allegedly libeled four employees it fired for suspected misconduct in the timing of equity trades for Allstate’s pension plans.And a federal judge in Chicago sweetened the judgment by ordering Allstate to also pay a statutory penalty of $3,000 plus $357,716 in attorney fees for violating the Fair Credit Reporting Act. But the 7th U.S. Circuit Court of Appeals reversed …

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