Prudential Financial, Inc 9% Junior Subordinated Notes Investor Class Action Lawsuit

PRLog (Press Release) - Mar 16, 2009 -
On Thursday an investor in Prudential Financial, Inc. (NYSE:PHR) 9% Junior Subordinated Notes filed a proposed securities class action lawsuit in the United States District Court for the District of New Jersey on behalf of all persons who acquired depositary shares of Prudential Financial, Inc. 9% Junior Subordinated Notes (NYSE:PHR) pursuant and/or traceable to a false and misleading registration statement and prospectus issued in connection with Prudential’s June 2008 initial public offering of Prudential Financial, Inc. 9% Junior Subordinated Notes against Prudential Financial, Inc., certain of its officers and directors over alleged violations of Federal Securities Laws.

If you acquired depositary shares of Prudential Financial, Inc. 9% Junior Subordinated Notes (NYSE:PHR) pursuant and/or traceable to a false and misleading registration statement and prospectus issued in connection with Prudential’s June 2008 initial public offering of Prudential 9% Junior Subordinated Notes you have certain options and there are strict and short deadlines running. (May 11, 2009). You should contact the Shareholders Foundation, Inc immediately!

E-mail mail@shareholdersfoundation.com

or

call us at +1-858-779-1554.


According to the complaint the plaintiff alleges that Prudential Financial, Inc. (“Prudential”), certain of its officers and directors, the underwriters of the Offering and Prudential’s auditor violated the Securities Act of 1933. The plaintiff accuses that the defendants consummated the Offering pursuant to the false and misleading Registration Statement, selling 36.8 million shares of the Securities at $25 per share, for proceeds of over $920 million.
The Registration Statement incorporated Prudential’s financial results for 2007 and the first quarter of 2008. Prudential ultimately announced huge writedowns associated with its exposure to subprime mortgages and the goodwill on the Company’s books associated with certain of its subsidiaries, causing the price of the Securities to decline.

If you acquired depositary shares of Prudential Financial, Inc. 9% Junior Subordinated Notes (NYSE:PHR) pursuant and/or traceable to a false and misleading registration statement and prospectus issued in connection with Prudential’s June 2008 initial public offering of Prudential 9% Junior Subordinated Notes you have certain options and there are strict and short deadlines running. (May 11, 2009). You should contact the Shareholders Foundation, Inc immediately!

E-mail mail@shareholdersfoundation.com

or

call us at +1-858-779-1554.

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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