Filed Under:Life Insurance, Life Planning Strategies

Class Action Suit Brought Against MetLife

AP Photo/Mark Lennihan, File)
AP Photo/Mark Lennihan, File)

A class action suit was filed on Jan 12, against MetLife Inc., (MetLife) (NYSE:MET) with charges stemming from allegations that certain officers and directors violated the Securities Exchange Act of 1934 by knowingly making misleading statements pertaining to the company’s financial obligations and therefore distorting the attractiveness of company stock.

The class actions suit, which commenced in the US District Court for the Southern District of New York seeks to recover damages for those who purchased MetLife common stock during the Class Period (February 2, 2010- October 6, 2011).

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Nichole Morford

Nichole Morford
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