Prudential Insurance Co. Loses to The Pullman Group, LLC Again on Appeal by a 5-0 Unanimous Decision by Supreme Court First Department Appellate Division

Business Wire, Dec 11, 2002

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--Dec. 11, 2002

Prudential Insurance Co. Accused of Fraud; Defendants Admit $3 Billion

Liability in Court; Trial To Be Held Before the Honorable

Supreme Court Justice Gammerman

Defendants in Case # 01/600771: Prudential Insurance Co. of America d/b/a "Prudential Financial," Prudential Investments Corp., Prudential Securities Inc., Rascoff/Zysblat Organization Inc., Entertainment Finance International, LLC, Willkie, Farr & Gallagher, CAK/Universal Credit Corp. and UCC Lending Corporation, John Wilson, Andrea Kutshcer, Tom Terckeck, Charlie Koppelman, Bob DeLoren, Bill Zyblat, Joe Rascoff, Tom Cyrana, Richard "Dick" Rudder and Richard "Dick" Sammis For Breach of Fiduciary Duty, Breach of Contract, Misappropriation of Trade Secrets, Fraud, Tortious Interference and Aiding and Abetting Breaches of Fiduciary Duty (Against Willkie, Farr & Gallagher), As Well To Be Tried For Civil Conspiracy.

Yesterday in a newly released Supreme Court Appelate Division First Department decision in the multi-billion dollar case of The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds (TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers) beat Prudential Financial et al. again when Prudential Financial et. al were denied leave to appeal to the Court of Appeals in Albany, New York, which is the highest court in the state of New York. The stay is now lifted in the case, and the case will be tried as to defendants' liability.

The Pullman Group,(R) LLC now won again in a 5-0 unanimous knock-out decision in multi-billion dollar case against Prudential Financial, Inc. et al. affirming on all 31 counts by a five judge panel of Justice Tom, Justice Mazarelli, Justice Rosenberger, Justice Ellerin and Justice Rubin, upholding the Honorable Justice Gammerman's decision in which The Pullman Group,(R) LLC won. The Five Judge Panel stated in the final line of its decision: "We have considered the Defendants' remaining contentions and find them unavailing. This constitutes the decision and the order of the Supreme Court Appellate Division First Department." Defendants have admitted a $3 billion liability.

Discovery in this case produced 100 boxes and hundreds of pages of depositions evidencing defendants' guilt on 31 counts including Breach of Fiduciary Duty, Breach of Contract, Misappropriation of Trade Secrets, Fraud, Tortious Interference and Aiding and Abetting Breaches of Fiduciary Duty (Against Willkie, Farr & Gallagher), as well as Civil Conspiracy.

The entire decision of the case by the Supreme Court Appellate Division First Department can be found on the website for The Pullman Group,(R) LLC at www.pullmanbonds.com.

The full press release, recent decision, original complaint, pictures, or more information about The Pullman Group,(R) LLC or the Pullman Bond(TM) process can be found on the website of The Pullman Group,(R) LLC at www.pullmanbonds.com. Additional information can also be obtained by e-mail at info@pullmanbonds.com, by fax at 212/750-0464, or by phone at 212/750-0210.

Note to Editors: Pullman Bonds(TM) is a registered trademark of The Pullman Group(R), LLC. Bowie Bonds(TM) is a registered trademark of The Pullman Group(R), LLC.