City of Warren Police and Fire v. Prudential Financial Inc, et al

  1. June 13, 2023

    3rd Circ. Revives Prudential Investor's Securities Fraud Suit

    The Third Circuit Tuesday revived a shareholder's lawsuit accusing insurer Prudential Financial Inc. of downplaying the financial risks of shorter life expectancies for some policyholders, saying statements the chief financial officer made weeks before the company announced a related $208 million liability may have been false.

  2. October 27, 2021

    3rd Circ. Seems Open To Reviving Prudential Fraud Claims

    A Third Circuit panel seemed inclined Wednesday to revive class claims alleging Prudential Financial Inc. duped investors about negative mortality trends and the need to increase reserves, with the judges probing the disparity between remarks by the company's chief financial officer and the financial results it announced about two months later.