December 20, 2024
A New Jersey federal judge tossed a class action claiming Prudential bogged down its retirement plan with underperforming funds while also funneling money into a proprietary investing tool that benefited the company over employees, ruling the case lacks proof that mismanagement occurred.
August 29, 2023
A New Jersey federal judge granted class status Tuesday to 45,000 retirement plan participants who claimed that Prudential Insurance Co. failed to toss bad investments from its 401(k) and affirmed the lead plaintiff as class representative despite the company's contentions.
July 19, 2023
A former Prudential employee urged a New Jersey federal judge to approve a class of 45,000 retirement plan participants in a suit claiming the insurance company stacked its 401(k) with bad investments, arguing he's an apt representative despite what the company says.
December 21, 2021
The Prudential Insurance Co. of America asked a New Jersey federal court to toss the latest version of a proposed class action from employees alleging that the company mismanaged its employee 401(k) plan, panning the claims as "morning-after quibbling" with the company's decisions.
September 28, 2021
A New Jersey federal judge has dismissed for now a proposed class action accusing Prudential Insurance Co. of America of mismanaging employee retirement plan investments, ruling that the complaint lacks the specifics needed to support claims under the Employee Retirement Income Security Act.
November 06, 2019
Prudential Insurance Co. of America was hit Tuesday with a proposed class action alleging it is crushing its employees with overpriced retirement plan investments offered by the insurer's own affiliates and fails to even monitor their performance.