Investors Seek To Revive Suit Against Fremont Execs

Law360, New York (April 27, 2010, 12:59 PM EDT) -- Shareholders have again appealed the dismissal of a lawsuit alleging the leaders of bankrupt Fremont General Corp. made false and misleading statements and misrepresented the subprime lender's business practices.

The lead plaintiff, the New York State Teachers Retirement Systems, filed a notice of appeal Monday in the U.S. District Court for the Central District of California. The notice comes about a month after Judge Jacqueline Nguyen dismissed the case.

The appeal “comes of no surprise, and just gives us another chance to work for justice for...
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