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.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Pipeline Explodes at Delfin LNG Planned Project in Louisiana 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
