Fremont Investor Polishes Ch. 11 Plan

Law360, New York (January 6, 2010, 6:40 PM EST) -- Investor New World Acquisition LLC has burnished its Chapter 11 reorganization plan for Fremont General Corp. to take advantage of new tax breaks available to the fallen subprime lender and offer alternative treatment for certain noteholders, strengthening its hand against competing plans filed by the debtor, unsecured creditors and equity holders.

New World, a holder of substantial shares in Fremont, filed its improved plan and disclosure statement on Dec. 23 in the U.S. Bankruptcy Court for the Central District of California, offering repayment or reinstatement of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.