Market Overview

Glancy Prongay & Murray LLP Files a Securities Class Action on Behalf of Unum Group Investors (UNM)


Prongay & Murray LLP
("GPM") announces that it has filed a class
action lawsuit in the United States District Court Eastern District of
Tennessee, on behalf of persons and entities that acquired 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 60 days from the
date of this notice
to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click
here to participate

Investors that suffered losses on their Unum investments are encouraged
to contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to

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.

On May 2, 2018, the Company held a conference call to discuss its first
quarter 2018 financial results. On the call, Defendant John F. McGarry
("McGarry"), the Company's Chief Financial Officer ("CFO") elaborated on
the Company's disclosures in the May 1, 2018 press release, stating
"[b]enefits experience this quarter was driven by new claim incidence
that ran much higher than expected" and "the higher loss ratio this
quarter was negatively impacted by a lower level of policy terminations."

On this news, the Company's stock price fell $8.12 per share, or nearly
17%, to close at $39.78 per share on May 2, 2018, on unusually heavy
trading volume.

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If you acquired shares of Unum during the Class Period you have 60 days
from the date of this notice to file a lead plaintiff motion to
ask the Court to appoint you as lead plaintiff. To be a member of the
Class you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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