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Investigation announced for Long-Term Investors in Prudential Financial, Inc. (NYSE: PRU)

04-02-2020 02:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Prudential Financial, Inc. (NYSE: PRU) shares.

An investigation on behalf of current long term investors in Prudential Financial, Inc. (NYSE: PRU) shares.

An investigation was announced for investors in shares of Prudential Financial, Inc. (NYSE: PRU) concerning potential breaches of fiduciary duties by certain directors of Prudential Financial, Inc..

Investors who are current long term investors in Prudential Financial, Inc. (NYSE: PRU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: PRU stocks follows a lawsuit filed against Prudential Financial, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PRU stocks, concerns whether certain Prudential Financial, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges thatthe defendants failed to disclose the following facts the Company's reserve assumptions failed to account for adversely developing mortality experience in its Individual Life business segment, that the Company was not over-reserved, but instead, its reported reserves, particularly for the Individual Life business segment, were insufficient to satisfy its future policy benefits liabilities; and that the Company had materially understated its liabilities and overstated net income as a result of flawed assumptions in calculating mortality experience.

Those who purchased shares of Prudential Financial, Inc. (NYSE: PRU) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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