Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased Unum Group (“Unum” or
the “Company”) (NYSE: UNM)
securities between January 31, 2018 and May 2, 2018, inclusive
(the “Class Period”). Unum investors have until August 13, 2018 to
file a lead plaintiff motion.
Investors that suffered losses on their Unum investments are encouraged
to contact the Law Offices of Howard G. Smith to discuss their legal
rights in this class action at 888-638-4847 or by email to email@example.com.
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made false and/or misleading statements, as
well as failed to disclose material adverse facts about the Company’s
business, operations, and prospects. Specifically, Defendants failed to
disclose: (1) that the Company was experiencing a higher claims
incidence for its long-term care business; (2) that the Company was
experiencing less favorable policy terminations in connection with its
long-term care business; (3) that, as such, the Company’s long-term care
business loss ratio would reach the upper 90% range; and (4) that, as a
result of the foregoing, Defendants’ statements about Unum’s business,
operations, and prospects, including statements related to the Company’s
long-term care reserves and capital management plans, were materially
false and/or misleading and/or lacked a reasonable basis.
If you purchased shares of Unum during the Class Period, have
information or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888)
638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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