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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JUNE 2, 2004
FREMONT GENERAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
NEVADA
(State or Other Jurisdiction of Incorporation)
1-8007 95-2815260
(Commission File Number) (I.R.S. Employer Identification No.)
2020 SANTA MONICA BOULEVARD - SUITE 600 SANTA MONICA, CA 90404
(Address of Principal Executive Offices) (Zip Code)
(310) 315-5500
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changes Since Last Report)
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ITEM 5. OTHER EVENTS.
On June 2, 2004, the State of California Insurance Commissioner John
Garamendi, as statutory liquidator of Fremont Indemnity Company ("Fremont
Indemnity"), filed suit against Fremont General Corporation (the "Company") in
Los Angeles County Superior Court. The complaint alleges the improper
utilization by the Company of certain net operating loss deductions allegedly
belonging to its Fremont Indemnity subsidiary.
The complaint involves issues that the Company considers were resolved in
the Letter Agreement between the California Department of Insurance, Fremont
Indemnity and the Company. The Letter Agreement, dated July 2, 2002, was
executed on behalf of the California Department of Insurance by the Honorable
Harry Low, the State of California Insurance Commissioner at that time. The
Company has honored its obligations under the Letter Agreement, as reported in
its public filings, and will continue to do so. The Company will vigorously
defend itself and believes that the complaint mischaracterizes the terms of the
Letter Agreement and lacks merit.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FREMONT GENERAL CORPORATION
Date: June 17, 2004 BY: /s/ Patrick E. Lamb
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Patrick E. Lamb, Senior Vice President,
Chief Financial Officer and Treasurer
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