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Court throws out derivative suit filed against Aflac

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Court throws out derivative suit filed against Aflac

A U.S. District Court has dismissed in entirety a derivative lawsuit filed in late 2017 against Aflac Inc. by three current or former independent agents.

Investigative publication The Intercept reported in January that former employees had sued Aflac for allegedly lying to new employees about their expected wages, selling bundled products and policies to customers without their consent and misclassifying employees as independent contractors to save costs. The lawsuit also alleged that Aflac managers kept commissions owed to associates and that the company engaged in insider trading and fraudulent sales.

Commenting on the court's decision, Aflac general counsel Audrey Tillman said the suit had no merit as the company had been "open and transparent" from the start.