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Calif. Loses Case Against Fremont

A California Superior Court has dismissed a lawsuit filed by the California Insurance Department alleging that Fremont General Corporation used the liquidation of ...

By Matt Brady | Updated on March 18, 2005

A California Superior Court has dismissed a lawsuit filed by the California Insurance Department alleging that Fremont General Corporation used the liquidation of one of the company’s subsidiaries to dodge millions in taxes.

The amended complaint, dismissed late last month by the court in Los Angeles, was filed by the state against Fremont General over issues related to the insolvency of one of its subsidiary, Fremont Indemnity Corp.

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