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Fremont Creditors Score With Disclosure Statement OK

Law360, New York (November 19, 2009) -- Unsecured creditors of mortgage lender Fremont General Corp. have won bankruptcy court approval of the disclosure statement for their Chapter 11 plan, overcoming a late burst of objections from equity holders and banks.

In a ruling Thursday, Judge Erithe A. Smith of the U.S. Bankruptcy Court for the Central District of California overruled all objections and approved the updated disclosure statement, which was...

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