Archives for: June 2007, 11
Bankruptcy Examiner Appointed
June 11th, 2007The U.S. government appointed an examiner to investigate why New Century Financial Corporation filed for bankruptcy. New Century was the largest subprime lender to people with a poor credit history. New Century Financial Corporation filed for Chapter 11 protection on April 2, 2007.
“The proposed examiner, Michael Missal is a partner at Kirkpatrick & Lockhart Preston Gates Ellis LLP in Washington, D.C., specializing in securities enforcement and investigations.
He was lead counsel to the examiner in WorldCom Inc.’s bankruptcy case, former U.S. Attorney General Richard Thornburgh, and for a CBS Corp. panel that reviewed a “60 Minutes” program segment in 2004 concerning President George W. Bush’s service in the Texas Air National Guard, the law firm’s Web site shows.
Missal will be charged with investigating alleged misconduct at Irvine, California-based New Century.”
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