The 1997 settlement of a nationwide class action claiming agents of Prudential Insurance Co. engaged in fraudulent sales practices did not release the company from liability in a 2014 suit by members of the class, a federal judge in Newark has ruled.
Prudential sought to enjoin class members Wynne Whitman and Stacy Whitman from relitigating issues that were addressed in the class action. But U.S. District Judge Dickinson Debevoise of the District of New Jersey denied the motion, finding that the 1997 settlement did not release the company from honoring the express terms of policies purchased by class members.
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