Skip to main content

Glancy Prongay & Murray LLP Announces Investigation on Behalf of Prudential Financial, Inc. Investors

Glancy Prongay & Murray LLP (“GPM”) 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.

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 Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.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.

Contacts:

Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F. Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.