Shareholder Class Action

     Shareholders accuse Fremont General of filing false and misleading statements with the SEC and disseminating them to the public. See complaint in Los Angeles Federal Court.

     Shareholders accuse Security Capital Assurance of inflating its share price through false and misleading statements. Also sued in Manhattan Federal Court are Paul Giordano, David Shea, XL Insurance Ltd., Merrill Lynch Pierce Fenner & Smith, Goldman Sachs & Co., and JP Morgan Securities.

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