Judge Approves New Century Examiner

Law360, New York (June 8, 2007, 12:00 AM EDT) -- A judge has approved the appointment of a parter at Kirkpatrick & Lockhart Preston Gates Ellis LLP to serve as the examiner in New Century Financial Corp.'s Chapter 11 proceedings.

Michael J. Missal, who specializes in internal investigations and securities enforcement matters, was confirmed by Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware on Thursday.

According to court documents, he will now “investigate any and all accounting and financial statement irregularities, errors or misstatements,…any possible post-petition unauthorized use of cash...
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.