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January 4, 2008

U.S. Trustee Opposes Calls to Seal New Century Report

Filed under: Uncategorized — admin @ 11:08 am

U.S. Trustee Kelly Beaudin Stapleton opposed moves to seal an examiner’s report detailing events that led to New Century Financial Corp.’s collapse, Bankruptcy Law360 reported yesterday. Stapleton told the Delaware district court Wednesday that New Century, which last month cited attorney-client privilege in calling to keep the interim report under wraps, did not identify any specific communications that deserved protection from public scrutiny. She further noted that attorney-client privilege covered a limited range of communications detailed in examiner Michael Missal’s first report, filed Nov. 21.

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