Securities Claims In MetLife Stock-Drop Suit Survive Motion To Dismiss

Mealey's (August 31, 2018, 12:00 PM EDT) -- NEW YORK — A federal judge in New York on Aug. 28 ruled that the lead plaintiff in a securities class action against global insurance provider MetLife Inc., certain of its current and former executive officers and directors and underwriters of its Aug. 3, 2010, public offering sufficiently pleaded scienter in making its federal securities law claims (Westland Police & Fire Retirement System v. MetLife Inc., et al., No. 12-0256, S.D. N.Y., 2018 U.S. Dist. LEXIS 148327)....