New Century Wants Howrey As Special Counsel

Law360, New York (May 18, 2007, 12:00 AM EDT) -- Bankrupt subprime lender New Century Financial Corp. on Thursday asked the court to approve Howrey LLP as special outside counsel to the company’s internal investigation committee, as the committee looks into an allegedly questionable sale of New Century stock.

In a motion filed with the U.S. Bankruptcy Court for the District of Delaware, New Century said it is currently investigating the sale of company stock on Feb. 8 by a member the investigation committee. New Century retained Howrey prepetition to serve as independent counsel to the...
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