Judge Dismisses Holland-Frates Lawsuit

Oklahoma County District Judge Vickie Robertson has ruled in favor of the defendants in a lawsuit filed two years ago by Insurance Commission Kim Holland and dismissed Holland's lawsuit against them.

Holland filed the multi-count lawsuit against prominent Oklahoma City business executive Rodman A. Frates, his company C. L. Frates and Company, and three others. The lawsuit, filed August 2, 2006 in Oklahoma County District Court, accused Frates of fraud, breach of contract, negligence, civil conspiracy, breach of fiduciary duty and unjust enrichment.

The judge found the statute of limitations had expired in the lawsuit's contention that the defendants were guilty of professional negligence, civil conspiracy and allowing Hospital Casualty Company, of which Holland was the conservator, to sink into "deepening insolvency."

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