DOJ Asks For Trustee In New Century Case
U.S. Trustee Kelly Beaudin Stapleton submitted the request to the U.S. Bankruptcy Court for the District of Delaware, requesting the appointment of a trustee or, alternatively, an examiner.
Stapleton said disclosures New Century made earlier this year, which eventually led to the company’s bankruptcy filing, revealed that the management had failed to fulfill its fiduciary...
To view the full article, register now.