Prudential Financial, Inc. (PRU, Financial) has announced that on April 7, 2025, the United States District Court for the District of New Jersey entered a Preliminary Approval Order for the proposed settlement of the consolidated derivative action titled In re Prudential Financial, Inc. Derivative Litigation, Civil Action No. 2:20-cv-12772 SRC-CLW. This development marks a significant step in resolving the legal proceedings that have been ongoing.
In compliance with the Court's Preliminary Approval Order, Prudential Financial is disclosing the details of the settlement to its shareholders. The information is available in the Long-Form Notice of Pendency and Proposed Settlement of Stockholder Derivative Action and the Stipulation and Agreement of Settlement. These documents are accessible on the investor relations section of the company's website.
This settlement is a crucial move for Prudential Financial as it seeks to address and resolve the issues raised in the derivative litigation. Shareholders and interested parties are encouraged to review the detailed documents to understand the implications and terms of the settlement.
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