Corebridge faces shareholder suits seeking injunction, corrective disclosures ahead of July 30 merger vote

Corebridge faced shareholder litigation and demand letters alleging disclosure gaps in the merger vote materials for its planned tie-up with Equitable.

Three suits filed July 8–10 in New York and New Jersey seek to block the shareholder vote or deal close, or pursue rescissory damages.

Special shareholder meetings are scheduled for July 30 to vote on the mergers.

Corebridge issued supplemental disclosures to moot the claims, including planned governance rights for Blackstone such as a board seat.

The board reiterated its recommendation that shareholders vote for the merger proposals.