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RIVERA v. ALLSTATE INS. CO.

Nos. 17-1310 & 17-1649.

913 F.3d 603 (2018)

Daniel RIVERA, et al., Plaintiffs-Appellees. v. ALLSTATE INSURANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 31, 2018.

As Amended on Petition for Rehearing January 14, 2019.

Attorney(s) appearing for the Case

Michael T. Brody , Elizabeth A. Coleman , James Texas Dawson , Attorneys, JENNER & BLOCK LLP, Robert D. Sweeney , John Joseph Scharkey, III , Attorneys, SWEENEY & SCHARKEY LLC, Chicago, IL, for Plaintiffs-Appellees.

Paul R. Garry , Anneliese Wermuth , Attorneys, COZEN O'CONNOR, Gerald L. Pauling, II , Uma Chandrasekaran , John W. Drury , Attorneys, SEYFARTH SHAW LLP, Chicago, IL, Rex S. Heinke , Jessica Weisel , Attorneys, AKIN GUMP STRAUSS HAUER & FELD, Los Angeles, CA, for Defendant-Appellant.

Before Kanne and Sykes, Circuit Judges, and Darrow, District Judge.

In 2009 Allstate Insurance Company launched an internal investigation into suspicious trading on its equity desk. The initial inquiry unearthed email evidence suggesting that several portfolio managers might be timing trades to inflate their bonuses at the expense of their portfolios...

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