Trustee Disputes New Century's Plea For Extension

Law360, New York (April 23, 2007, 12:00 AM EDT) -- Parties involved in New Century Financial Corp.’s bankruptcy case have a right to see the subprime lender’s revised financial statements soon, a U.S. Trustee has said, objecting to the company’s attempt to push back the due date for the information, which is at the center of a shareholder class action.

New Century’s announcement that it would refile its financial statements for the first three quarters of 2006 with the U.S. Securities and Exchange Commission due to possible errors in its accounting practices raised suspicions as to...
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