An investigation for investors in Manulife Financial Corporation (NYSE: MFC) shares over potential securities laws violations by Manulife Financial Corporation was announced.
San Diego, CA -- (SBWIRE) -- 10/18/2018 -- An investigation was announced over potential securities laws violations by Manulife Financial Corporation and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Manulife Financial Corporation (NYSE: MFC), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Manulife Financial Corporation (NYSE: MFC) concerning whether a series of statements by Manulife Financial regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Canada based Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. Manulife Financial Corporation reported that its annual Total Revenue rose from over $51.89 billion in 2016 to over $56.72 billion in 2017 and that its Net Income declined from over $2.99 billion in 2016 to over $2.06 million in 2017.
On October 4, 2018, Muddy Waters Research published a reporte on Manulife Financial Corporation. The report alleges that Manulife Financial Corporation has an undisclosed litigation risk that its own expert says "could significantly damage its earning, capital, creditworthiness, business, and solvency." The report concludes that Manulife's own expert witness concluded that "Manulife is effectively on trial for its life."
The same day Manulife Financial Corporation issued a statement denying the allegations.
Shares of Manulife Financial Corporation (NYSE: MFC) declined to as low as $16.68 per share on October 5, 2018.
Those who purchased shares of Manulife Financial Corporation (NYSE: MFC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels