Don't want ads? Subscribe or login now.

Prudential Pays $33M To End Unpaid-Policy Shareholder Suit

By Brandon Lowrey · August 24, 2016, 9:12 PM EDT

Prudential Financial Inc. has agreed to pay $33 million to end a shareholder class action alleging the insurer's stock values tumbled when it revealed it had held onto money that should...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Settlement

Case Information

Case Title

CITY OF STERLING HEIGHTS GENERAL EMPLOYEES' RETIREMENT SYSTEM v. PRUDENTIAL FINANCIAL, INC. et al

Case Number

2:12-cv-05275

Court

New Jersey

Nature of Suit

Securities/Commodities

Date Filed

August 22, 2012

Recent Articles By Brandon

November 08, 2021
After Girardi, Calif. Bar Floats Audits, Insurance Mandates
October 02, 2020
What One Scrapped Opinion Might Say About Judge Barrett
August 31, 2020
How COVID-19 May Forever Alter Work Life For Disabled Attys
April 03, 2020
What It's Like To Join A Law Firm In The COVID-19 Era
June 06, 2018
State Farm Hit With $34.3M Jury Verdict Over Policy Fees
February 16, 2018
Are Insurance Lawyers Ready For The 'Year Of The Phish'?
November 08, 2016
Insurer Had No Duty To Cover All Fairgoers, Judge Says
November 08, 2016
Judge Recuses Herself From Insurer's Bad Faith Trial
November 07, 2016
Dillard's Employees Seek Class Cert. In Data Breach Suit
October 06, 2016
Cattle 'Hobby' Is Bull, Judge Says In Squashing Coverage Bid