The Pullman Group, best known in the asset-backed securities market for structuring and selling the famous privately placed "Bowie bonds," along with a cadre of other entertainment royalty securitizations, recently filed a lawsuit against Prudential Insurance, Prudential Investments, Prudential Securities, CAK/Universal Credit Corp., UCC Lending Corp. and entertainment accounting firm Rascoff/Zysblatt Organization Inc., for a number of claims totaling over $2 billion.

Reportedly, the aforementioned parties were all involved in a celebrity bond financing joint venture created by Pullman when Prudential Insurance and others pulled out, reneging on the contract and starting their own venture - this time without Pullman.

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