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MetLife: Class Action

MetLife

Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in MetLife (NYSE: MET) in connection to alleged violations of securities laws by MET. Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments made in MetLife from February 27, 2013 until January 19, 2018.

The class action complaint specifically alleges that during the period in question, MET might have provided false and/or misleading material information, and/or failed to disclose adverse material information, namely: that the company had ineffective practices and procedures governing the estimation of reserves for annuity and pension payments; that the company’s internal controls governing financial reporting were also ineffective; and that consequently the company’s statements to the public about its business operation and prospects during the relevant period were false and misleading. The complaint alleges that when true facts emerged, investors suffered losses.

According to the company’s website, MetLife is a financial services company that operates in more than 40 countries, offering financial products including annuities, insurance, employee benefits and assets management for individual and institutional customers. The company “holds leading market positions” in the Unites States, Latin America, Asia, Europe, Japan and the Middle East, according to its website. It trades on the New York Stock Exchange under the symbol MET.

A class action lawsuit has already been filed in connection with MetLife. If you wish to serve as lead plaintiff in the MET lawsuit, you must move the Court no later than April 6, 2018. If you wish to join the litigation, please contact Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.

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