Press release
Investigation announced for Investors in shares of Primerica, Inc. (NYSE: PRI) over potential Securities Laws Violations
An investigation for investors in Primerica, Inc. (NYSE: PRI) shares over potential securities laws violations by Primerica, Inc.
Investors who purchased shares of Primerica, Inc. (NYSE: PRI), 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 focuses on whether a series of statements by Primerica, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Duluth, GA based Primerica, Inc., together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. Primerica, Inc. reported that its annual Total Revenue rose from over $2.7 billion in 2022 to over $2.81 billion in 2023 and that its Net Income increased from $472.06 million in 2022 to $576.6 million in 2023.
On April 18, 2024, The Bear Cave published a short report on Primerica, Inc., which described the Company as "a pyramid scheme". The Bear Cave cited "extensive evidence suggesting that Primerica's highest producing agents are engaged in misleading, false, or deceptive conduct including 1) a recorded Zoom presentation from a Senior National Sales Director that alleges crooked conduct, 'fake numbers,' and appears to suggest an ongoing internal investigation, 2) a text message recruiting script for new agents that appears to deliberately obfuscate their association with Primerica, 3) agent presentations that emphasize recruiting over serving independent customers and 4) a presentation by a high-producing agent saying 'it's normal to be a millionaire.'" The Bear Cave also cited "complaints obtained through public records requests", which "allege forged signatures on six-figure investment contracts" and "'institutionalized theft[.]'"
Shares of Primerica, Inc. (NYSE: PRI) declined from $256.56 per share on March 27, 2024, to as low as $184.76 per share on April 18, 2024.
Those who purchased shares of Primerica, Inc. (NYSE: PRI) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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