CITY OF WESTLAND POLICE & FIRE v. METLIFE

No. 12-cv-0256 (LAK).

129 F.Supp.3d 48 (2015)

CITY OF WESTLAND POLICE AND FIRE RETIREMENT SYSTEM, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. METLIFE, INC., et al., Defendants.

United States District Court, S.D. New York.

Signed September 11, 2015.


Attorney(s) appearing for the Case

Armen Zohrabian , David A. Rosenfeld , Darren J. Robbins , Samuel H. Rudman , Shawn A. Williams , David W. Hall , Thomas C. Michaud , Robbins Geller Rudman & Dowd LLP, for Plaintiff.

Elliot Greenfield , Kaitlin Teresa Farrell , Anna A. Moody , Maeve L. O'Connor , Debevoise & Plimpton LLP, Attorneys for Defendants MetLife, Inc., C. Robert Henrikson, William J. Wheeler, Peter M. Carlson, Steven A. Kandarian, William J. Mullaney, Sylvia Matthews Burwell, Eduardo Castro-Wright, Cheryl W. Grisé, R. Glenn Hubbard, John M. Keane, Alfred F. Kelly, Jr., James M. Kilts, Catherine R. Kinney, Hugh B. Price, David Satcher, Kenton J. Sicchitano, and Lulu C. Wang.

Timothy E. Hoeffner , John J. Clarke, Jr. , Constance Tse, DLA Piper LLP (U.S.), Attorneys for Defendants Citigroup GlobalMarkets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., HSBC Securities(USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Securities, LLC.


OPINION

The principal issues in this putative class action1 are whether MetLife, Inc. ("MetLife" or the "Company") misled investors (1) with respect to its financial performance and position because certain reserves underlying its financial statements failed adequately...

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