METLIFE SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Clas...
March 16 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until April 6, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
MetLife, Inc. (NYSE: MET), if they purchased the Company’s
securities between February 27, 2013 and January 29, 2018,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the Eastern District of New
York.
Get Help
MetLife investors should visit us at
https://www.claimsfiler.com/cases/view-metlife-inc-securities-litigation-1
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
MetLife and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On January 29, 2018, MetLife disclosed “a material weakness in
internal controls over financial reporting” that caused reserves to
be reduced incorrectly relating to outstanding payouts for annuity
and pension recipients and that its Q4 earnings release was
postponed, with reserves expected to increase by $525 million to
$575 million, Q4 earnings to decrease by $135 million to $165
million, and 2017 profits cut by $165 million to $195 million.
MetLife also revealed a SEC investigation into the outstanding
pension payments matter.
On this news, the price of MetLife’s shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180316005764/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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