New Century Trustee Backs Examiner's Extension Bid

Law360, New York (January 16, 2008, 12:00 AM EST) -- The U.S. trustee overseeing New Century Financial Corp.'s Chapter 11 proceedings has supported a motion by the case examiner for more time to probe the lender, following news that the bankrupt company failed to hand over hundreds of thousands of e-mails.

Filing a brief in support to the Delaware bankruptcy court Wednesday, the trustee, Kelly Beaudin Stapleton, said the examiner's second extension request was bolstered by this week's admission by New Century that more than 700,000 e-mails had been overlooked.

Stapleton said that several of the...
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