Cases
MetLife, Inc. (NYSE: MET)
Securities Class Action
Overview
Overview
- Date:
- 1/30/2018
- Company Name:
- MetLife, Inc.
- Stock Symbol:
- MET
- Status:
- Closed/Complete
NEW YORK, January 30, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against MetLife, Inc. (NYSE: MET). Our investigation concerns potential breach of fiduciary duty and securities claims.
On January 29, 2018, after the market closed, MetLife announced it had postponed its earnings report and conference call related to its results for the fourth quarter and full year ended Dec. 31, 2017. They further announced that the company has determined the prior release of group annuity reserves resulted from a material weakness in internal control over financial reporting, and that they expect the full year 2017 net income impact to be between $165 million and $195 million pre-tax.
It was also disclosed that the U.S. Securities and Exchange Commission enforcement staff has made an inquiry regarding MetLife’s review of its processes and procedures for identifying unresponsive and missing policyholders and beneficiaries for certain insurance and annuity products it offers.
Following this news, the stock price of MetLife has fallen in intraday trading.
If you purchased or otherwise acquired MetLife shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 29, 2018, after the market closed, MetLife announced it had postponed its earnings report and conference call related to its results for the fourth quarter and full year ended Dec. 31, 2017. They further announced that the company has determined the prior release of group annuity reserves resulted from a material weakness in internal control over financial reporting, and that they expect the full year 2017 net income impact to be between $165 million and $195 million pre-tax.
It was also disclosed that the U.S. Securities and Exchange Commission enforcement staff has made an inquiry regarding MetLife’s review of its processes and procedures for identifying unresponsive and missing policyholders and beneficiaries for certain insurance and annuity products it offers.
Following this news, the stock price of MetLife has fallen in intraday trading.
If you purchased or otherwise acquired MetLife shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.