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.
February 08, 2013
A New York federal judge on Friday refused to dismiss investors' claims against National Century Financial Enterprises Inc. co-founder and former CEO Lance Poulsen over the health care finance company's nearly $3 billion securities fraud scheme, saying the plaintiffs had standing to bring their claims.
January 31, 2013
A New York federal court on Wednesday declined a bid by Credit Suisse Group Inc. to sever National Century Financial Enterprises Inc. co-founder Lance Poulsen from an upcoming civil trial over the health care company's alleged $3 billion fraud scheme.