New Century Fills Gaps In New Disclosure Statement

Law360, New York (February 28, 2008, 12:00 AM EST) -- A few weeks after New Century Financial Corp. revealed a disclosure statement that left several key details blank, the bankrupt home lender filed an updated statement with new information on claims and planned distribution.

The company lodged its amended disclosure statement for its reorganization plan on Wednesday in the U.S. District Court for the District of Delaware.

Among the changes in the new plan is a significantly increased amount in New Century's tabulation of unsecured claims lodged against it, which it raised from 2,284 to 6,568....
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