The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Prudential Financial, Inc. Investors (PRU)
January 14 2020 - 5:34PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Prudential Financial, Inc. (“Prudential” or the
“Company”) (NYSE: PRU) investors concerning the Company and its
officers’ possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On August 1, 2019, Prudential revealed a $208 million charge to
its second quarter 2019 earnings due to changes in mortality
assumptions in its Individual Life business segment. Additionally,
the Company revealed that the change in mortality assumptions would
negatively impact quarterly earnings by $25 million for the
foreseeable future.
On this news, Prudential's stock price fell $10.22, or over 10%,
to close at $91.09 per share on August 1, 2019, thereby injuring
investors.
Then on August 2, 2019, Prudential disclosed that the Individual
Life segment declined by $178 million over the prior year period,
primarily due to the $208 million charge.
On this news, Prudential's stock price fell $2.53, or over 5%,
to close at $88.56 per share on August 2, 2019, thereby injuring
investors further.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Prudential securities, have information or
would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200114005863/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
Prudential Financial (NYSE:PRU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Prudential Financial (NYSE:PRU)
Historical Stock Chart
From Sep 2023 to Sep 2024