Izard Nobel LLP Appointed Lead Counsel in Prudential Financial Securities Litigation On May 22, 2009, Izard Nobel LLP was appointed as Lead Counsel for plaintiffs in a class action lawsuit Bauer v. Prudential Financial, Inc., 09-CV-1120, pending in the United States District Court for the District of New Jersey. The action is on behalf of those who acquired depositary shares of Prudential Financial, Inc. ("Prudential" or the "Company") 9% Junior Subordinated Notes (NYSE: PHR) pursuant and/or traceable to a registration statement and prospectus (collectively, the "Registration Statement") issued in connection with Prudential's June 2008 initial public offering of the Securities (the "Offering").
The Complaint charges that Prudential and certain of its officers, directors, offering underwriters and its auditor violated federal securities laws. Specifically, the complaint alleges that defendants issued a materially false and misleading Registration Statement in connection with the Offering.
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