Business Services Industry

Prudential Insurance Co. Loses to The Pullman Group, LLC at the Highest Court In New York at the Court of Appeals by a 5-0 Unanimous Decision

Business Wire, Feb 19, 2003

Business Editors/Legal Writers

NEW YORK--(BUSINESS WIRE)--Feb. 19, 2003

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

Today in Albany, New York, in a just-released New York State Court of Appeals 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 be heard by the Court of Appeals in Albany, New York, which is the highest court in the state of New York.

This was the defendants' last ditch appeal before the case was forced to trial for a damage award. So far the defendants have lost before eleven judges in a row to The Pullman Group,(R) LLC which has led to quite a string of victories for The Pullman Group,(R) LLC. 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 Smith, Justice Ciparick, Justice Wesley, Justice Rosenblatt and Justice Graffeo, upholding the Honorable Justice Gammerman's decision in which The Pullman Group,(R) LLC won.

The present decision comes after a unanimous decision against the defendants by the New York State Supreme Court Appellate Division First Department in which 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 three billion dollar 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 New York Court of Appeals 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.

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.

COPYRIGHT 2003 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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