Preliminary Approval Of $84M Settlement In MetLife Stock-Drop Suit Sought

Mealey's (June 10, 2020, 2:36 PM EDT) -- NEW YORK — The lead plaintiff in a securities class action against global insurance provider MetLife Inc., several of its current and former officers and directors, and underwriters of its Aug. 3, 2010, public offering asked a federal judge in New York overseeing the litigation to grant preliminary approval of a proposed $84 million settlement on June 9, arguing that the settlement has met all statutory requirements for approval (Westland Police & Fire Retirement System v. MetLife Inc., et al., No. 12-0256, S.D. N.Y.)....