New Century To Reveal Executive Pay Details

Law360, New York (April 24, 2007, 12:00 AM EDT) -- New Century Financial Corp. is reportedly set to file its Chapter 11 financial reports by May 31 in a move that will force the beleaguered subprime mortgage lender to reveal the details of its top executives’ pay, information that is at the center of a securities class action the company is facing.

New Century agreed at a hearing on Tuesday in the U.S. Bankruptcy Court for the District of Delaware to file the reports two months earlier than it had requested, Dow Jones reported, citing Mark...
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