The Superior Court of California has dismissed the remaining cause of action in an amended complaint filed by the California Insurance Commissioner, on behalf of Fremont Indemnity Co. against Fremont General Corp. The Court ruled in favor of Freemont Indemnity’s demurrer, finding that the “plaintiff still failed to plead any affirmative misrepresentation which is actionable.” The court also found that the “pleading is inadequate as to damage allegations.”
This ruling by the court dismisses the only remaining cause of action in the lawsuit originally brought by California Insurance Commissioner John Garamendi on behalf of Fremont Indemnity Co. against Fremont General Corp., first reported on June 17, 2004.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
