Prudential Financial Inc. has agreed to a $33 million settlement of a class action on behalf of shareholders who claimed the company misstated its financial condition by failing to fully account for liabilities owed to beneficiaries of policyholders.
The settlement provides an estimated 23 cents per share to class members, who are defined as people who purchased or acquired Prudential common stock between May 5, 2010, and Nov. 4, 2011.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
