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The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Prudential Financial, Inc. Investors (PRU)

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The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors that acquired Prudential Financial, Inc. (Prudential or the Company) (NYSE: PRU) common stock between February 15, 2019 and August 2, 2019, inclusive (the Class Period). Prudential investors have until January 27, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On August 1, 2019, Prudential revealed a $208 million charge to its second quarter 2019 earnings due to changes in mortality assumptions in its Individual Life business segment. Additionally, the Company revealed that the change in mortality assumptions would negatively impact quarterly earnings by $25 million for the foreseeable future.

On this news, Prudential’s stock price fell $10.22, or over 10%, to close at $91.09 per share on August 1, 2019, thereby injuring investors.

Then on August 2, 2019, Prudential disclosed that the Individual Life segment declined by $178 million over the prior year period, primarily due to the $208 million charge.

On this news, Prudential’s stock price fell $2.53, or over 5%, to close at $88.56 per share on August 2, 2019, thereby injuring investors further.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Companys reserve assumptions failed to account for adversely developing mortality experience in its Individual Life business segment; (2) that the Company was not over-reserved, but instead, its reported reserves, particularly for the Individual Life business segment, were insufficient to satisfy its future policy benefits liabilities; and (3) that the Company had materially understated its liabilities and overstated net income as a result of flawed assumptions in calculating mortality experience.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Prudential securities during the Class Period, you may move the Court no later than January 27, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased Prudential securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

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Santa Claus Is Coming to Towns Everywhere – Virtually

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Pigeon Forge (Tennessee), one of the countrys most popular holiday vacation destinations, invites families to safely fulfill a cherished holiday tradition with free virtual Santa visits. Available Nov. 30 through Dec. 15, the video calls connect Santa from his North Pole home office to families in the comfort of their own homes, providing a contact-free-but-still-touching alternative to in-person visits this season.

Beginning Nov. 9 at 10 a.m. (Eastern), parents or guardians can register for a free video call with Santa at www.MyPigeonForge.com/Santa. Appointments are available Nov. 30 through Dec. 15, from 11 a.m. to 3 p.m. and 4 p.m. to 8 p.m. daily, excluding Sundays. Availability is on a first-come, first-served basis.

We understand the holiday season may look different for a lot of families this year, but making Christmastime memories is more important than ever, Pigeon Forge Executive Director of Tourism Leon Downey said. Were grateful that Santa and technology can work together to gift families with the magic of Christmas in a safe, contact-free way.

The magical portal also offers children a chance to correspond with Santa via a free personal letter from Santa. Children can share their Christmas wish list at www.MyPigeonForge.com/Santa to receive a personalized letter from Santa.

Each family who chats with Santa will receive an exclusive ornament to commemorate the special call from the North Pole.

For more information and to make a reservation to chat with Santa, visit www.MyPigeonForge.com/Santa.

Pigeon Forge is located in East Tennessee and home to Winterfest (Nov. 13-Feb. 22), an award-winning festival of more than five million holiday lights, Christmastime entertainment and more than 80 attractions.

About Pigeon Forge: More than 10 million people visit Pigeon Forge annually. The city is located approximately 35 miles from Knoxville and McGhee-Tyson Airport. Two-thirds of the nations population east of the Mississippi River lives within a days drive, making it an easily accessible family vacation destination. The citys neighbor is Great Smoky Mountains National Park, the most visited national park in the U.S. It also is home to Dolly Partons Dollywood theme park, Tennessees most visited commercial attraction. More information about all aspects of Pigeon Forge are available at MyPigeonForge.com.

Media contact:

Trish McGee at [email protected]

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DLive Launches Crypto Superstar Program for Streaming Partnerships

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As DLive.tv has officially become a part of the BitTorrent X Ecosystem, weve decided to bring in new content categories into the DLive platform to enable more diversity among our global community. With this goal in mind, the company is now introducing Crypto Superstar on DLive to incentivize content creators in the crypto space to join the DLive economy.

What are some of the perks of being a Crypto Superstar on DLive?

  • Dedicated featured spots on DLive website and mobile
  • Fast track to DLive Verified Partnership program
  • Zero cuts from donation done with BTT and TRX
  • Exclusive Crypto Superstar badge next to your name across the platform
  • Direct access to DLive support team
  • The chance to have your streams featured on DLives Official Twitter account and get your channel further promoted as BitTorrent and TRON retweet the stream
  • Exclusive access to collaboration with DLive / BitTorrent / TRON blockchain partners

More benefits will be announced before the end of 2020.

How to join?

In order to sign up as a DLive Crypto Superstar, you must

  • Stream crypto/blockchain related content
  • Have at least 1000 followers/members in your existing platform
  • Share this announcement in your existing platform (through tweet or video)
  • Reach 100 followers on your DLive channel

In order to maintain the status on DLive, you must

  • Stream at least 4 hours a week or upload at least 2 videos per week on your DLive channel
  • Host at least 5 unique other crypto-related channels every 2 months

If you are interested in becoming a Crypto Superstar on DLive and join our global community, please fill out this application form here. If you have any questions, join our discord and talk to a staff member.

We look forward to seeing you shine bright like a star on DLive!

About DLive:

DLive is a decentralized livestreaming community built using the Lino blockchain. DLive utilizes the Lino blockchain to incentivize both content creators and viewers using crypto. DLive believes that all rewards belong to platform participants, and does not take cuts or charge any fees to content creators. Currently, DLive has 20 team members across four continents. To learn more about DLive, please visit https://community.dlive.tv/about/welcome-letter/.

Olivia Luo

[email protected]

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Franklin Madison Announces Strategic Investment in Matic

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Franklin Madison, a leading provider in marketing insurance solutions, announced today a strategic investment and partnership with insurtech leader Matic as part of their Series B funding round. Matic is a digital insurance agency focused on seamlessly integrating insurance into the home and auto ownership experience.

As Franklin Madison continues to invest in and advance our digital capabilities, we are very excited to work with Matic, whose cutting edge and proprietary technology is propelling the industry forward, said Robert Dudacek. Their competitive market technology, great business model, and strong leadership made them an attractive investment opportunity.

Matics platform was built to integrate within banks’ ecosystems and deliver an amazing customer experience, said Ben Madick, CEO, Matic Insurance. It was a natural fit to partner with Franklin Madison with their strength and experience in the financial institution marketplace. We are looking forward to the partnership opportunity with an organization that brings nearly 50 years of industry expertise, a best-in-class direct marketing approach, and outstanding customer loyalty across 3,500 financial institutions.

The investment in Matic is further evidence of Franklin Madisons commitment to the insurance and financial institution markets. Franklin Madison and Matic will continue to operate as separate entities.

About Franklin Madison

An industry pioneer with nearly 50 years of experience, Franklin Madison builds financial security for individuals and families by delivering industry-leading insurance products and marketing services through its brand partners. Franklin Madison helps generate increased loyalty and incremental revenue for more than 3,500 financial institutions. Based in Franklin, Tennessee, Franklin Madison has approximately 200 employees. For more information, visit franklin-madison.com or follow us @frnklnmadison and LinkedIn.

About Matic

Since 2014, Matic has changed the landscape of the insurtech industry by integrating insurance within the home and auto ownership experience. Today, Matics digital insurance marketplace has over 30 A-rated home and auto carriers, as well as distribution partners in industries ranging from mortgage origination and servicing to banking, real estate, and personal finance. With a single-minded focus on advocating for policyholders, Matic has created an effortless and transparent comparison-shopping process, saving customers days of work and over 30% in premiums each year. For more information, visit matic.com.

Trisha Torrado

Sr. Manager, Marketing & Communications

Franklin Madison

[email protected]

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