New Century Allowed To Employ Special Counsel Inc.

Law360, New York (December 12, 2007, 12:00 AM EST) -- A bankruptcy judge has approved New Century Financial Corp.’s motion to employ legal staffing agency Special Counsel Inc. after the lender resolved an objection from the U.S. trustee overseeing the case.

On Wednesday, Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware signed an order that not only allowed the bankrupt subprime lender to employ Special Counsel but also gave New Century permission to let Special Counsel hire its remaining employees in order to provide them health benefits.

According to New...
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