New Century Examiner Wins More Time For Probe

Law360, New York (January 24, 2008, 12:00 AM EST) -- Over the objections of the mortgage lender's unsecured creditors, a judge has given an examiner another month to probe the events surrounding New Century Financial Corp.'s fall into Chapter 11.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware decided Wednesday to give court-appointed examiner Michael J. Missal until Feb. 29 to file his report on the lender.

Missal filed a motion on Jan. 8 asking for an extra three months to complete his probe of New Century's books, blaming the...
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