The three retirees' lawsuit, filed Dec. 30 in U.S. District Court in New York, alleges Verizon and SSGA violated their ...
However, insurance company Prudential, which is managing the pensions, is not named as a defendant in the Verizon lawsuit. Plaintiffs are suing Verizon and State Street Global Advisors ...
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 ...
Law firm Edward Stone is representing three former employers who allege Prudential and RGA group annuity contracts are not the ‘safest available’ for their retirement pensions. Three Verizon ...
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Verizon Pensions Are at Risk, New Lawsuit SaysVerizon 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 ...
NEWARK, N.J., January 14, 2025--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today announced plans to collaborate with Dimensional Fund Advisors and Fiduciary Exchange LLC (FIDx ...
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