In re Prudential Insurance

INTRODUCTION

Plaintiffs Richard Golebiowski and Louis Romano, Prudential Insurance Company (Prudential) policyholders, bringl this derivative suit against: (1) the executives of Prudential Securities Incor*261porated (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. Plaintiff Romano additionally sues on behalf of a class of similarly situated policyholders.

The amended consolidated complaint claims breach of fiduciary duty (Count I); waste,…