MetLife, Inc. Investor Lawsuit announced by Shareholders Foundation

Jan. 24, 2012 - PRLog -- The Shareholders Foundation announces that an investor in NYSE- MET shares filed a lawsuit in United States District Court for the Southern District of New York against MetLife Inc over alleged Violations of Federal Securities Laws.

If you purchased MetLife, Inc.  common stock during the period between February 2, 2010 and October 6, 2011, you have certain options and there are strict and short deadlines running. Deadline: March 12, 2012. NYSE-MET stockholder should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of MetLife, Inc.  common stock during the period between February 2, 2010 and October 6, 2011, that MetLife and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements between February 2, 2010 and October 6, 2011.

Specifically, the plaintiff alleges that as a result of MetLife's death benefits practices and procedures between February 2, 2010 and October 6, 201, defendants caused MetLife, Inc to issue allegedly materially false and misleading statements concerning MetLife’s current and future financial condition and its potential liability to policyholders, their beneficiaries or relevant state authorities for millions of dollars in benefits that should have been paid out to policyholders or escheated to the states.

On August 5, 2011, MetLife, Inc disclosed in its Form 10-Q filed with the U.S. Securities and Exchange Commission (“SEC”) that regulatory investigations into its death benefits practices could result in additional escheatment to the states and administrative penalties, the costs of which could be substantial.

For more information go to www.ShareholdersFoundation.com or contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.