February 02, 2017
A group of Prudential Investments LLC investors backed off of their lawsuit alleging the financial institution breached its fiduciary duty by receiving excessive fees, neither settling nor receiving payment to end the case, according to a stipulation of dismissal filed in Maryland federal court on Wednesday.
August 24, 2016
A Maryland federal judge Tuesday ruled that Prudential Investments LLC must face an investor lawsuit alleging the financial institution breached its fiduciary duty by receiving excessive fees, saying that from the allegations a "plausible inference arises that an increase in fees is not justified."