Corebridge Faces Lawsuits Over Merger Disclosures
Corebridge Financial, Inc. has reported that three lawsuits were filed by purported stockholders on July 8 and July 10, 2026, challenging the definitive joint proxy statement/prospectus related to its merger with Equitable Holdings, Inc. The lawsuits allege omitted material information and seek injunctions against the merger vote or consummation. While Corebridge denies the allegations, it has decided to voluntarily supplement certain disclosures to address the complaints and avoid potential delays.
Key Highlights
- Corebridge Financial and Equitable Holdings merger agreement was previously reported on March 26, 2026.
- Special stockholder meetings for the merger vote are scheduled for July 30, 2026.
- Three lawsuits (Johnson, Clark, Lacoff) were filed on July 8 and July 10, 2026.
- Lawsuits allege omitted material information in the definitive joint proxy statement/prospectus.
- Complaints seek injunctions against the stockholder vote and/or merger consummation.
- Corebridge denies allegations but will voluntarily supplement disclosures.
- Supplemental disclosures aim to moot allegations and avoid nuisance and delays.
Price Impact
More from CRBG
Corebridge Sets 2026 Annual Meeting Date, Updates Proposal Deadlines
Corebridge & Equitable Holdings Announce Combined Company Leadership Team
Corebridge Q1 Net Loss $53M; Operating EPS $1.05; Returns $1.4B to Shareholders