ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Unum Group – UNM
NEW YORK, NY / ACCESSWIRE / August 11, 2018 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Unum Group (NYSE: UNM) between January 31, 2018 and May 2, 2018, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Unum investors under the federal securities laws.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Unum was experiencing a higher claims incidence for its long-term care business; (2) Unum was experiencing less favorable policy terminations in connection with its long-term care business; (3) Unum’s long-term care business loss ratio would reach the upper 90% range; and (4) as a result of the foregoing, defendants’ statements about Unum’s business, operations, and prospects, including statements related to Unum’s long-term care reserves and capital management plans, were materially false and/or misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 13, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/unum-group/ to join the class action. You may also contact Vik Pawar of Pawar Law Group toll free at 888-589-9804 or via email at firstname.lastname@example.org.
Pawar Law Group represents investors from around the world.
SOURCE: Pawar Law Group