Plaintiff In New Century Class Action Requests Docs

Law360, New York (August 20, 2007, 12:00 AM EDT) -- The lead plaintiff in a consolidated securities class action suit against New Century Financial Corp. has requested access to documents relating to the bankrupt subprime lender’s alleged accounting fraud.

In a motion filed Thursday in the U.S. Bankruptcy Court for the District of Delaware, the New York State Teachers’ Retirement System requested a limited modification of the automatic stay placed on New Century after it filed for Chapter 11. NYSTRS is hoping to gain access to all documents and materials produced by the lender as part...
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