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Fremont Shareholder Pitches Competing Ch. 11 Plan

By Christie Smythe (October 14, 2009, 5:20 PM EDT) -- Contending that it can provide the best prospects for the Fremont General Corp. to emerge from Chapter 11 protection, investor New World Acquisition LLC has pitched a reorganization plan in the subprime lender's bankruptcy case, throwing itself into competition with plans already filed by the debtor, unsecured creditors and equity holders....

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