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New Century's Liquidation Plan Nixed On Appeal

By Morgan Bettex (June 17, 2009, 12:00 AM EDT) -- A federal judge has reversed last year's decision to confirm a liquidation plan for bankrupt subprime lender New Century Financial Corp., ruling that the plan treats the claims of certain classes, including the beneficiaries of the company's compensation and retirement plans, less favorably than others....

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