NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against MetLife, Inc. (NYSE: MET). Our investigation concerns whether MetLife has violated the federal securities laws and/or engaged in other unlawful business practices.
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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into MetLife, Inc., please go to http://www.bespc.com/metlife. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.