SAN DIEGO, Jan. 30, 2018 /PRNewswire/ -- Johnson Fistel, LLP has commenced an investigation concerning whether MetLife, Inc. (NYSE: MET) violated federal securities laws.
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 Dec. 31, 2017, which had previously been scheduled for Jan. 31, 2018, and Feb. 1, 2018, respectively. The Company cited "material weakness" in its financial reporting. MetLife also advised investors it expects to increase reserves in total between $525 million and $575 million on a pre-tax basis to cover certain annuity recipients "who have been unresponsive or missing over time."
If you are a MetLife shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
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