Prudential Financial Inc Long-Term Investor Investigation over potential Wrongdoing

An investigation on behalf of current long term investors in Prudential Financial Inc shares was announced and NYSE-PRU stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
 
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Securities Class Action Lawsuit

Industrys:
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Finance

Location:
San Diego - California - US

Oct. 24, 2012 - PRLog -- Certain directors and officers of Prudential Financial Inc are under the investigation over possible breaches of fiduciary duties in connection with certain financial statements made by Prudential Financial Inc.

Investors who are current long term investors in Prudential Financial Inc   shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm on behalf of current long-term investors in Prudential Financial Inc   stocks follows a lawsuit filed in August 2012 against Prudential Financial Inc over alleged Securities Laws Violations.

The investigation on behalf of current long term investors in NYSE-PRU  stocks concerns whether certain Prudential Financial Inc officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. U.S. District Court for the District of New Jersey the plaintiff alleges that Prudential Financial Inc  violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements concerning the Company’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 Company’s exposure to claims of state and federal law violations.

On August 5, 2011, Prudential Financial Inc said in a filing with the Securities and Exchange Commission (“SEC”) that the Company is currently being examined by a third party auditor on behalf of 33 U.S. jurisdictions for compliance with the unclaimed property laws of these jurisdictions and that the company is among the several companies that had been subpoenaed by the New York Attorney General regarding its unclaimed property procedures.

Then on November 2, 2011, Prudential Financial Inc reported its third quarter fiscal 2011 financial results, including third quarter 2011.

NYSE-PRU shares fell from $57.30 per share on October 28, 2011, to $44.91 per share on November 25, 2011.

On September 4, 2012, NYSE-PRU shares closed at $54.63 per share.

Those who are current long term investors in Prudential Financial Inc   shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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Phone:+1-(858)-779-1554
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Tags:Class Action, Lawsuit, Securities Class Action Lawsuit
Industry:Business, Finance
Location:San Diego - California - United States
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