A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Prudential Financial Inc (NYSE:PRU) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on November 2, 2016 and NYSE:PRU investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/20/2016 -- The Shareholders Foundation announced that a deadline is coming up on November 2, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Prudential Financial Inc (NYSE:PRU) between May 5, 2010 and November 4, 2011.
Investors who purchased a significant amount of shares of Prudential Financial Inc (NYSE:PRU) between May 5, 2010 and November 4, 2011, have certain options and should contact the Shareholders Foundation by email at firstname.lastname@example.org or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Prudential Financial Inc (NYSE:PRU) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/prudential-financial-inc-nyse-pru-investor-securities-class-action-lawsuit-08222012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is November 2, 2016. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was originally filed in the U.S. District Court for the District of New Jersey against Prudential Financial Inc over alleged violations of Federal Securities Law in connection with certain allegedly false and misleading statements made between May 5, 2010 and November 2, 2011. According to the complaint the plaintiff alleges on on behalf of purchasers of Prudential Financial Inc (NYSE:PRU) common stock, that Prudential Financial Inc (NYSE:PRU) and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements concerning Prudential Financial Inc's current and future financial condition, including its reserves and its potential liability to policyholders, their beneficiaries or relevant state authorities for millions of dollars in benefits that should have been paid out to policyholders or escheated to the states, and the extent of the Prudential Financial Inc's exposure to claims of state and federal law violations.
Those who purchased shares of Prudential Financial Inc have certain options and should contact the Shareholders Foundation.
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