FAIGIN v. SIGNATURE GROUP HOLDINGS, INC. ALAN W. FAIGIN, Plaintiff and Appellant, v. SIGNATURE GROUP HOLDINGS, INC. , Defendant and Appellant. Signature Group Holdings, Inc. , formerly known as Fremont Reorganizing Corporation (FRC), appeals a judgment awarding Alan W. Faigin $1,347,000 in damages for breach of an implied-in-fact agreement to terminate his employment only for good cause. When the FRC board of directors considered hiring a new management group, Faigin informed the directors and major shareholders of his objections to the proposal. The new management group was formally appointed to FRC in December 2007, including a President, a Chief Executive Officer and a General Counsel replacing Faigin in those positions. FRC argued that any employment relationship between Faigin and FRC must be based on FRC's conduct rather than Fremont General's conduct.

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