(Download) "Poizner v. Fremont General Corp." by Colorado Supreme Court # eBook PDF Kindle ePub Free
eBook details
- Title: Poizner v. Fremont General Corp.
- Author : Colorado Supreme Court
- Release Date : January 28, 2007
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 92 KB
Description
Fremont Indemnity Company (Indemnity) appeals a judgment dismissing its complaint against Fremont General Corporation (Fremont General) and Fremont Compensation Insurance Group, Inc. (Insurance Group), after the court sustained a demurrer without leave to amend. Indemnity, by and through the Insurance Commissioner as its liquidator, sued Fremont General and Insurance Group in two separate actions alleging the misappropriation of funds. In this action, known as the Comstock action, Indemnity alleges that the defendants misappropriated net operating losses of its predecessor in interest, Comstock Insurance Company (Comstock), and misappropriated other assets of a former subsidiary of Indemnity, Fremont Reinsurance Company, Ltd. (Bermuda) (Re). In a separate action, known as the NOL action, Indemnity alleges that the same defendants misappropriated Indemnitys net operating losses that were not acquired through its merger with Comstock. The NOL action is the subject of a separate, pending appeal (case No. B188900).