2 Creditors Swap Votes In Fremont Plan Battle

Law360, New York (April 21, 2010, 3:49 PM EDT) -- Two Fremont General Corp. creditors have settled their differences and thrown their weight behind each other's reorganization plans, the latest twist in the dizzying horse trading among creditors with competing exit strategies for the bankrupt subprime lender.

New World Acquisition LLC and Signature Group Holdings LLC filed a motion Tuesday in the U.S. Bankruptcy Court for the Central District of California, asking Judge Erithe A. Smith to change New World's "reject" vote for Signature Group's proposed reorganization plan to "accept" and to express first preference for...
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