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Legal News

: Legal Pad | LA

Court investigator slams OMM & KPMG

By Jason Siegel

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A court-appointed investigator told O'Melveny & Myers lawyers it needed to stop meeting witnesses it didn't represent in the probe of failed subprime lender New Century Financial, The Recorder reported.

Bankruptcy court examiner Michael Missal criticism of O'Melveny & Myers appeared in the 581 page report that "provides a damning dissection of KPMG's failures at New Century and a veritable road map of what went wrong in the subprime industry," according to The Recorder.

Read the full story here

Full post as published by Legal Pad | LA on March 28, 2008 (boomark / email).

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