After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11 bankruptcy protection. According to the Bankruptcy ...
New Century is a real estate investment trust that through its subsidiaries operates mortgage finance companies. Specifically, the complaint alleges .... Avi Gold, et al. v. New Century Financial Corporation, et al. COURT: C.D. California. DOCKET #: 07-CV-00931. JUDGE: Hon. Dean D. Pregerson. DATE FILED: 02/08 /2007.
Securities fraud class action filed on behalf of persons and entities that purchased or acquired the securities of New Century Financial Corp. (“New Century” or the “Company”) between May 5, 2005 and March 13, 2007 (the “ Class Period”). On June 26, 2007, the Honorable Dean D. Pregerson appointed BLB&G client the ...
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