Litigation
Mar. 15, 2007
Plaintiffs' Lawyers Circle Subprime Loan Industry
By late February, when Jennifer Waier, a federal prosecutor in Santa Ana, asked for accounting records from New Century Financial Corp., the Irvine-based mortgage company had been hit with a half-dozen shareholder class actions alleging securities fraud.
Daily Journal Staff Writer
By late February, when Jennifer Waier, a federal prosecutor in Santa Ana, asked for accounting records from New Century Financial Corp., the Irvine-based mortgage company had been hit with a half-dozen shareholder class actions alleging securities fraud.
Earlier that month, New Century, which makes home loans to customers with risky credit, dis...
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