Fremont Equity Holders Bash Bids For More Plan Info

Law360, New York (October 13, 2009, 12:42 PM EDT) -- Claiming that recent objections from banks and federal regulators have been adequately addressed, Fremont General Corp.’s committee of equity holders has urged the bankruptcy court to approve the latest disclosure statement for its proposed reorganization of the mortgage lender.

On Monday, the official committee of equity holders assured Judge Erithe A. Smith of the U.S. Bankruptcy Court for the Central District of California that the third amended disclosure statement was ripe for approval as it sufficiently explained to creditors the implications of the Chapter 11 plan....
To view the full article, register now.