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0.000248015873015882 0.00074404761904753 0.00157076719576718 0.00157076719576718 0.00124007936507929 0.000413359788359765 -0.000165343915344 -0.00248015873015882
Stock impact report

Over 50K acres of California nuts are at risk of rotting. A judge extends a lifeline [Yahoo! Finance]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Yahoo! Finance
One of the largest pistachio growers in the San Joaquin Valley in California, the Assemis have fallen into deep debt, owing hundreds of millions of dollars to several lenders who have filed legal action to try and get their money back. A week ago, Prudential Insurance Company of America and PGIM Real Estate Finance filed a breach of contract lawsuit to recoup $700 million from the Fresno County pistachio farmers. A day later, U.S. Bank National Association also sought the courts help to get back $72 million in unpaid loans The lenders urged the court to appoint a receiver to take over the failing farm and protect its assets. On Wednesday, U.S. District Court Judge Kirk E. Sherriff approved the appointment of a receiver to oversee the harvest of a multi-million dollar crop. The Assemi brothers, Farid, Farshid and Darius, control more than 50,000 acres of pistachios and almonds, but a failed expansion project along with other factors have drained the company's finances. “I th Show less Read more
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