Litigation

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Preliminary Approval Of $12 Million Settlement In New Century Class Action Granted
Posted on 10 Aug 2010 by Timothy Raub

LOS ANGELES - (Mealey's) A federal judge in California on Aug. 9 preliminarily approved a $125 million settlement agreement between shareholders, former officers and directors of subprime mortgagor New Century Financial Corp., the company's outside... Read More

Tags: mortgage , Securities Act of 1933 , New York State Teachers' Retirement System , Dean D. Pregerson , shareholders , Piper Jaffray & Co. , Jefferies & Co. Inc. , Deutsche Bank Securities Inc. , financial services , Securities Exchange Act of 1934 , Morgan Stanley & Co. Inc. , class action , New Century Financial Corp. , Bear Stearns & Co. Inc. , Brad Morrice , NYSTRS , Litigation , lawsuit , KPMG , Roth Capital Partners , In re New Century Financial Corp. Securities Litigation , JMP Securities , Settlement , Stifel , securities fraud , Subprime , Nicolaus & Co. Inc.