The three retirees' lawsuit, filed Dec. 30 in U.S. District Court in New York, alleges Verizon and SSGA violated their ...
Verizon inked the $5.9 billion PRT deal for Prudential Financial and Reinsurance Group of America to manage the pensions of 56,000 Verizon retirees and their beneficiaries. Prudential and RGA ...
Verizon Communications is being sued by retirees who say the telecom firm endangered their pensions by “offloading” the plans to insurers, including a unit of Prudential Financial, to be paid ...
Prudential Financial (NYSE:PRU) and Reinsurance Group of America (NYSE:RGA) have been entrusted to fulfill $5.9B in pension ...
The lawsuit is related to New York-based Verizon’s purchase of group annuity contracts from Prudential Insurance Co. of America and RGA Reinsurance to transfer about $5.9 billion in pension plan ...
State Street acted in its own interest, as it has common stock holdings in Verizon, Prudential, and RGA, the plaintiffs alleged. “Verizon and State Street chose to purchase substandard annuities ...
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