Robbins Arroyo LLP: Unum Group (UNM) Misled Shareholders About Long-Term Care Reserves According to Class Action
View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/unum-group-july-2018-2/
Unum Accused of Misleading Investors About Its Long-Term Care Reserves
According to the complaint, Unum routinely misrepresented the expected range of its long-term care loss ratio. In so doing, Unum downplayed the likelihood that the company would experience excessive losses and need to take a crippling charge to its reserves. After Unum took modest reserve charges in 2011 and 2014, Unum officials reassured investors that the company's underlying assumptions were unlikely to lead to future losses and expected an 85% to 90% long-term loss ratio. Unum stunned investors on
Unum Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney
View source version on businesswire.com: https://www.businesswire.com/news/home/20180727005596/en/
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