Funds Accused Of Vote Manipulation In Fremont Case

By Brendan Pierson

Law360, New York (March 19, 2010, 2:21 PM ET) -- New World Acquisition LLC, a Fremont General Corp. creditor that has proposed a reorganization plan for the company, has asked a bankruptcy judge to block a group of funds from changing its vote on a rival plan proposed by Fremont's equity holders from “reject” to “accept.”

In an objection filed Thursday in the U.S. Bankruptcy Court for the Central District of California, New World accused the funds, known as the TOPrS Group, of using their voting power to win concessions from the proponents of several competing...
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