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Allstate was hit with a jury award of $27 million in a defamation case brought by four former employees.

Four former Allstate employees were awarded more than $27 million by a federal jury in a defamation lawsuit against the company, according to a recent report in the Chicago Tribune.

The employees, all part of a now-defunct equity division at Northbrook-based Allstate, were fired in December 2009 for allegedly timing trades to boost their own incentive bonuses at the expense of the company’s investment portfolios, according to court documents.

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