NEW YORK, Jan. 29, 2018 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of MetLife, Inc. (“MetLife” or the “Company”)
MET, -0.68%
Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether MetLife and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 29, 2018, post-market, MetLife announced that it would postpone its fourth-quarter earnings announcement, citing a “material weakness” in its financial reporting. In addition, MetLife advised investors that it expected to increase total reserves between $525 million and $575 million on a pre-tax basis to cover certain annuity recipients “who have been unresponsive or missing over time.” On this news, MetLife’s share price has fallen sharply in after-hours trading on January 29, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP
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