(Reuters) - In a filing late on Tuesday with the U.S. bankruptcy court in Wilmington, Delaware, New Century said the request by the U.S. Department of Justice ignores executives' efforts to sell assets fast and wind down the Irvine, California company's business.
U.S. Trustee Kelly Beaudin Stapleton argued in an April 17 court filing that management's failure "to ensure accurate financial accounting and to institute adequate internal controls" mandated the appointment of a trustee.
Read more at Reuters.com Mergers News
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