Calif. Appeals Court Revives Claims Against Ex-Fremont GC

Law360, Wilmington (August 31, 2011, 3:35 PM EDT) -- A California state appeals court on Tuesday revived claims Fremont Reorganizing Co. brought against its former general counsel for allegedly breaching his fiduciary and ethical duties by alerting authorities that the company planned to auction artwork belonging to an insolvent subsidiary.

In a 31-page opinion penned by Justice H. Walter Croskey, the appeals court resurrected FRC’s claims against Alan Faigin for breach of fiduciary duty and breach of confidence, saying the attorney likely revealed confidential information in his report to the California Insurance Commissioner.

“In light...
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