Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT - Prudential Financial, Inc. (PRU) - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action and Lead Plaintiff Deadline: January 27, 2020


NEW YORK, Dec. 6, 2019 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Prudential Financial, Inc. ("Prudential" or the "Company") (NYSE: PRU) and certain of its officers, on behalf of shareholders who purchased Prudential securities between February 15, 2019 and August 2, 2019, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/pru.        

Bronstein, Gewirtz & Grossman, LLC

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:  (1) the Company's reserve assumptions failed to account for adversely developing mortality experience in its Individual Life business segment; (2) 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; (3) the Company had materially understated its liabilities and overstated net income as a result of flawed assumptions in calculating mortality experience; and (4) as a result, Prudential's public statements were materially false and misleading at all relevant times. 

If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/pru or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Prudential you have until January 27, 2020 to request that the Court appoint you as lead plaintiff.  A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC


These press releases may also interest you

at 06:00
Union Cannabis Group Inc (UCG), a leading manufacturing and consulting company in the cannabis industry, recently expanded its advisory board with the addition of Adam E. Robins, an expert in the food and confectionery manufacturing and venture...

at 05:00
111, Inc. ("111" or the "Company"), a leading integrated online and offline healthcare platform, announced the release of the sixth episode in its 111 Insight series. The title announced today, The Impact of Chinese Policies to Medical Industry, is...

at 02:30
The Hong Kong subsidiary of China Electronics Corporation (hereafter "CEC") signed a Share Purchase Agreement (SPA) to acquire Pactera Group. According to the agreement, Pactera is now officially a member company of CEC. Established in 1995, Pactera...

at 01:00
Kingsley Gate Partners, a leading global executive search firm, announced that it has acquired Everest Search Partners, an Israeli-based boutique executive search firm. Jeff Shapiro and Noam Eisenberg have joined the company as Senior Partners and...

at 01:00
Telaeris, a handheld badge verification and emergency mustering solutions provider for physical access control systems (PACS), today announced its XPressEntry software integration with Bosch's Access Engine (ACE) access control software at Intersec...

at 00:13
On January 16, The "Great Sharing, New Economy?Beijing Summit of the Global Sharing Economy Forum" was held at the China National Convention Center. It was sponsored by China General Chamber of Commerce and China Association for the Promotion of...



News published on 6 december 2019 at 10:00 and distributed by: