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Judge Squashes Request For New Century Trustee

Law360 (May 14, 2007, 12:00 AM EDT) -- A bankruptcy judge has rejected a government request that a U.S. Trustee be appointed to oversee subprime lender New Century Financial Corp.’s Chapter 11 case.

Judge Kevin Carey of the U.S. District Court for the District of Delaware on Tuesday denied the motion in which U.S. Trustee Kelly Beaudin Stapleton sought appointment, said Mark Power, an attorney with Hahn & Hessen LLP who represents New Century's official committee of unsecured creditors.

The judge said he was satisfied with efforts of New Century and the committee to...
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