We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Trustee Fights Calls To Seal New Century Report

Law360 (January 3, 2008, 12:00 AM EST) -- The U.S. trustee overseeing the Chapter 11 proceedings of bankrupt New Century Financial Corp. has opposed moves to seal an examiner's report detailing events leading to the subprime lender's collapse.

The trustee, Kelly Stapelton, told the Delaware district court Wednesday that New Century, which last month cited attorney-client privilege in calling to keep the interim report under wraps, did not identify any specific communications that deserved protection from public scrutiny.

Stapelton argued that the failed lender bore the burden of detailing the privileged passages with “particularity.”...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.