NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announced today an investigation on behalf of MetLife, Inc. (“MetLife” or the “Company”) (NYSE: MET) investors concerning officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the MetLife page on our website at http://www.kmllp.com.
On January 29, 2018, MetLife announced it had postponed its earnings report and conference call related to its results for the fourth quarter and full year ended December 31, 2017. The Company cited “material weakness” in its financial reporting. MetLife also advised investors it expects to increase reserves in total between $525 and $575 million on a pre-tax basis to cover certain annuity recipients “who have been unresponsive or missing over time.”
On this news, the Company’s share price fell from $54.40 to $49.73 (a decline of $4.67) on January 30, 2018.
If you purchased or otherwise acquired MetLife securities, have information or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, Toll-Free at 888-529-4787, or by email at firstname.lastname@example.org to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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