Ranch's Amended Plan For Fremont Calls For Merger

Law360, New York (January 14, 2010, 3:55 PM EST) -- Equity holder Ranch Capital LLC has presented an amended plan proposal and disclosure statement in Fremont General Corp.'s Chapter 11 that advocates for a merger between Fremont and the debtor's subsidiaries.

On Wednesday, ranch joined the equity holders committee, creditors committee and investor New World Acquisition LLC on the list of interested parties that have proposed a plan for bankrupt Fremont, a Brea, Calif.-based mortgage lender.

Ranch won approval of its initial plan Jan. 8 from the U.S. Bankruptcy Court for the Central District of California,...
To view the full article, register now.