New Century Wants Howrey As Special Counsel

Law360, New York (May 18, 2007, 12:00 AM EDT) -- Bankrupt subprime lender New Century Financial Corp. on Thursday asked the court to approve Howrey LLP as special outside counsel to the company’s internal investigation committee, as the committee looks into an allegedly questionable sale of New Century stock.

In a motion filed with the U.S. Bankruptcy Court for the District of Delaware, New Century said it is currently investigating the sale of company stock on Feb. 8 by a member the investigation committee. New Century retained Howrey prepetition to serve as independent counsel to the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.