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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 27, 2020 to file lead plaintiff applications in a securities class action lawsuit against Prudential Financial, Inc. (NYSE: PRU).
Prudential and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the assumptions used by the Company in establishing reserves failed to account for adversely developing mortality experience in its Individual Life business segment; (ii) the Company’s reserves were inadequate to satisfy its future policy benefits liabilities; (iii) the Company had materially understated its liabilities and overstated net income as a result of flawed assumptions in calculating mortality experience; and (iv) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.
If you purchased shares of Prudential and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is City of Warren Police And Fire Retirement System v. Prudential Financial, Inc. et al., 19-cv-20839. Click here to read the case complaint. 