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MATTER OF PRUDENTIAL INS. CO. LITIG.

282 N.J. Super. 256 (1995)

659 A.2d 961

IN THE MATTER OF PRUDENTIAL INSURANCE COMPANY DERIVATIVE LITIGATION.

Superior Court of New Jersey, Chancery Division Essex County.

Decided February 10, 1995.

Attorney(s) appearing for the Case

Andrew R. Jacobs, Esq. (Fitzsimmons, Ringle & Jacobs, attorneys) Allyn Z. Lite, Esq. (Goldstein, Till & Lite, attorneys), Mary Boies, Esq. (Boies & McInnis, attorneys), Fred Isquith, Esq. (Wolf, Haldestein, Adler, Freeman & Herz, attorneys) and Mark Rifkin, Esq. (Greenfield & Rifkin, attorneys), for plaintiffs.

John M. Agnello, Esq., for defendant Brendan T. Byrne (Carella, Byrne, Bain, Gilfillan, Cecchi, Stewart & Olstein, attorneys).

Charles A. Reid, III, Esq. (Shanley & Fisher, attorneys) and James Benkard, Esq. (Davis, Polk & Wardwell, attorneys) for defendant Prudential Insurance Co. and remaining individual defendants.

INTRODUCTION

Plaintiffs Richard Golebiowski and Louis Romano, Prudential Insurance Company (Prudential) policyholders, bring this derivative suit against: (1) the executives of Prudential Securities Incorporated (PSI), a Prudential subsidiary; (2) certain Prudential executives; (3) the Prudential Board of Directors (also "the Board" or "the director defendants"); and (4) Prudential, as a nominal defendant...

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