Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Unum Group

To join this class action, please complete the following Investor Certification.

Unum Group (NYSE: UNM) Investor Certification

Company Name
Plaintiff Certifies That:
The following information is true and correct to the best of my knowledge, information and belief: 1. I have reviewed the Complaint in this action and authorize the filing of this Certification as an exhibit to the Complaint, or any substantively similar complaint or amended complaint to be filed in the future. I retain the law office of Federman & Sherwood, and any other counsel with whom Federman & Sherwood deems appropriate to associate with, to pursue this action on my behalf on a contingency fee basis. 2. If chosen, I am willing to serve as a representative party on behalf of the class (the “Class”), either individually or as part of a group on behalf of the Class as defined in the Complaint, including providing testimony at deposition or trial (if necessary). I am also willing to participate on an executive committee of shareholders.
3. I have made the following transaction(s) during the Class Period in
securities (which are the subject of this action) as follows:
# Shares Purchased Date Of Purchase Price Paid Per Share Class Of Stock (e.g. Common) If Sold, # Of Shares Sold Date Sold (If Sold) Per Share Selling Price
4. I did not purchase these securities at the direction of my attorney or in order to participate in a lawsuit under the Securities Act of 1933 or the Securities Exchange Act of 1934. 5. During the 3-year period preceding the date of this Certification, I have not sought to serve, nor have I served, as a representative to any party or on behalf of any class in any action arising under the Securities Act of 1933 or the Securities Exchange Act of 1934. 6. I will not accept any payment if chosen to serve as a representative party on behalf of the Class beyond my pro rata share of an award to the Class, or as otherwise ordered and approved by the Court, except for such reasonable costs and expenses directly relating to my service as a representative of the Class and as ordered and approved by the Court.
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By clicking on the button below, I intend to sign and execute this agreement and retain Federman & Sherwood to proceed on Plaintiff’s behalf on a contingency basis.

Oklahoma City, OK (June 15, 2018) – On June 13, 2018, a securities class action lawsuit was filed in the United States District Court for the Eastern District of Tennessee against Unum Group (NYSE: UNM). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is January 31, 2018 through May 2, 2018. More specifically, this litigation was filed because on May 1, 2018, after the market closed, Unum issued a press release entitled “Unum Group Reports First Quarter 2018 Results,” reporting in part that its first quarter 2018 loss ratio for its long-term care business was 96.6%, compared to only 88.6% for the first-quarter of 2017. On May 2, 2018, during a conference call discussing Unum’s quarterly results, Unum’s Chief Financial Officer John F. McGarry stated, in relevant part, that “[b]enefits experience this quarter was driven by new claim incidence that ran much higher than expected” and that “the higher loss ratio this quarter was negatively impacted by a lower level of policy terminations.” McGarry further advised investors that “[w]e continue to experience a high level of volatility in this line and expect it will continue in the future.”

On this news, Unum’s share price fell $8.12, or 16.95%, to close at $39.78 on May 2, 2018.

Plaintiff seeks to recover damages on behalf of all Unum Group shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, August 13, 2018 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: Robin Hester at rkh@federmanlaw.com

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Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Unum Group

Unum Group (NYSE: UNM) Investor Certification

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# Shares Purchased	Date Of Purchase	Price Paid Per Share	Class Of Stock (e.g. Common)	If Sold, # Of Shares Sold	Date Sold (If Sold)	Per Share Selling Price