Levi & Korsinsky Announces Prudential Financial Class Action Investigation; PRU Lawsuit

Class Action Reports

Levi & Korsinsky Announces Prudential Financial Class Action Investigation; PRU Lawsuit

Levi & Korsinsky, LLP

December 31, 2019

Levi & Korsinsky, LLP announces that a PRU class action lawsuit has been commenced on behalf of investors who purchased Prudential Financial, Inc. (PRU) securities between February 15, 2019 and August 2, 2019. For more on the Prudential Financial Class Action please contact us today.

According to the Prudential Financial lawsuit, 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 the 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; and (3) the Company had materially understated its liabilities and overstated net income as a result of flawed assumptions in calculating mortality experience.

TO LEARN MORE ABOUT THE PRU CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/prudential-financial-inc-loss-form?prid=4824&wire=9

If you suffered a loss in Prudential Financial you have until January 27, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com