Market Overview

August 13th Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Unum Group (UNM)


National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") reminds investors of the August
13, 2018
deadline to file a lead plaintiff motion in the class
action 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.

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

Investors suffering 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 purchased shares of Unum during the Class Period you may move the
Court no later than August 13, 2018 to ask the Court to
appoint you as lead. 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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