Prudential reaches $10M settlement in derivative litigation over Hartford life reserves

PRUDENTIAL FINANCIAL INC

Court preliminarily approved $10M cash payment to Prudential by individual defendants; fees cap of $2.5M (25%).
Derivative action alleged breach of fiduciary duty over 2015-2019 mortality experience and reserve adjustments for Hartford policies.
Settlement requires dismissal with prejudice; hearing for final approval set for June 9, 2025.
Plaintiffs may seek service awards up to $7,000 each from the fee award, not from company or defendants.

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