AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

MONDAY DEADLINE REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Prudential Financial, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

January 27, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 27, 2020--

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Prudential Financial, Inc. (“Prudential” or “the Company”) (NYSE: PRU ) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Prudential failed to account for worsening mortality experience in its individual life business segment when making its reserve assumptions. Far from being over-reserved, the Company did not have sufficient reserves to pay future policy benefits. The Company overstated net income on the basis of flawed assumptions and calculations. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Prudential, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200127005477/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Schall Law Firm

Copyright Business Wire 2020.

PUB: 01/27/2020 11:01 AM/DISC: 01/27/2020 11:01 AM

http://www.businesswire.com/news/home/20200127005477/en