April 09, 2013
National Century Financial Enterprises Inc. bondholders on Monday dropped their litigation against co-founder and former CEO Lance Poulsen over the health care finance company's nearly $3 billion securities fraud scheme, saying in light of his presumed insolvency, pursuing the cases against him isn't worth it.
March 14, 2013
Credit Suisse Group AG on Thursday agreed to pay $400 million to settle multidistrict and other litigation brought by National Century Financial Enterprises Inc. bondholders, ending claims over its alleged role in the bankrupt health care finance company's $3 billion fraud scheme.
October 29, 2012
An Ohio federal judge on Friday determined that broker-dealer Credit Suisse Securities LLC was not to blame for the $12 million private equity firm Pharos Capital Partners LP sank into securities of bankrupt health care finance provider New Century Financial Enterprises Inc.
March 02, 2012
An Ohio federal judge on Friday trimmed investor claims in multidistrict litigation against Credit Suisse Securities USA LLC over its role in the nearly $3 billion fraud that drove health care finance provider New Century Financial Enterprises Inc. into bankruptcy.
May 16, 2011
ING Bank NV on Monday dropped a suit in Ohio against the incarcerated former CEO of New Century Financial Enterprises Inc. over $500 million the bank lost in the massive securities fraud that felled the health care lender.