Relevant:
- CONSUMER BANKRUPTCY FILINGS REACH HIGHEST MONTHLY TOTAL SINCE 2005 BANKRUPTCY LAW OVERHAUL
- New Century faulted for improper accounting
- Bankruptcy Filings Approach 2005 Highs
- Former New Century execs barred for five years by SEC for misleading disclosures
- New Century Leads Drop in Shares of Mortgage Lenders
2007-06-01 — ocregister.com
On Thursday, New Century said its accounting errors reach back to 2005, and that "it is more likely than not that these errors in the aggregate resulted in a material overstatement of pretax earnings in the 2005 financial statements,"
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