New Century Wants Examiner's Lips Zipped

Law360, New York (June 15, 2007, 12:00 AM EDT) -- Attorneys for floundering subprime lender New Century Financial Corp. are pushing the Delaware bankruptcy court to seal the findings of Michael Missal, who was appointed last week as the company's examiner.

New Century's attorney Suzzanne Uhland of O'Melveny & Myers LLP called the request a “modest” one on Friday, according to a report by Dow Jones. She invoked the example of Refco Inc., whose massive bankruptcy prompted an examiner's report likewise to be filed under seal, it said.

Attorneys for the trustee's office offered no comment...
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