Press release from Business Wire
Holzer Holzer & Fistel, LLC Announces Investigation into Potential Claims for Breaches of Fiduciary Duty by Certain Officers and Directors of Metlife, Inc.
Thursday, January 19, 2012
ATLANTA (Business Wire) -- Holzer Holzer & Fistel, LLC announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of Metlife, Inc. (“Metlife” or the “Company”) (NYSE: MET). On January 12, 2012, an institutional investor filed a class action lawsuit in the Southern District of New York alleging that Metlife violated the federal securities laws between February 2, 2010 and October 6, 2011 (the “Class Period”). The lawsuit alleges, among other things, that Metlife failed to adequately reserve funds for the payment of benefits to policyholders' beneficiaries when it knew or had reason to believe the policyholder was deceased. According to the complaint, this alleged failure to adequately reserve funds caused the Company to overstate its financial results during the Class Period.
Holzer Holzer & Fistel, LLC's investigation seeks to determine if the allegations contained in the class action complaint also give rise to separate claims for breaches of fiduciary duty.
If you have continuously held shares since at least February 2, 2010, and plan to continue to hold at least some shares of MET, and would like to discuss your legal rights, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at email@example.com, or firstname.lastname@example.org, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
Holzer Holzer & Fistel, LLC
Michael I. Fistel, Jr., Esq., (888) 508-6832 (toll-free)
Marshall P. Dees, Esq., (888) 508-6832 (toll-free)