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Violation Tracker Individual Record

Company: Prudential Insurance
Current Parent CompanyPrudential Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $39,100,000
Year: 2014
Date: December 9, 2014
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: The settlement total includes $8.4 million to the plaintiffs, $20.5 million in charitable contributions and $10.2 million for legal fees and expenses. The case was brought by military families alleging that Prudential failed to pay death benefits under a group life insurance program.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 3:11-md-02208
Case Name: In Re: Prudential Insurance Company of America SGLI/VGLI Contract Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.