Company background

• News-stock chart

Litigation background

• In re New Century
• USDC CD California (Los Angeles) 2:07-cv-00931-DDP-JTL
• Judge Dean D. Pregerson
• Filed 2.08.07

Lead plaintiffs

• New York State Teachers Retirement System

Filings

• Consolidated complaint filed 9.14.07
• Motions to dismiss filed by independent directors, underwriters, defendant Cole 11.02.07
• Second amended complaint  4.30.08

• Part 1, part 2, part 3, part 4, part 5, part 6, part 7, part 8 part 9, part 10, part 11 and part 12

To correct errors the registrant discovered in its application of generally accepted accounting principles regarding the registrants allowance for loan repurchase losses

• Form 8-K  2.07.07
• EDGAR filings

Opinion

• Order  1.31.08

• Grants motions to dismiss with leave to amend

Motion to dismiss

• Independent director defendants

• Motion with brief  6.02.08
• Popejoy joinder  6.11.08
• Reply  7.28.08

• Morrice, Gotschall, Dodge

• Motion with brief  6.02.08
• Reply  7.28.08

• KPMG

• Motion with brief  6.02.08
• Reply  7.28.08

• Cole

• Motion with brief  6.02.08
• Reply  7.28.08

• Underwriter defendants

• Motion with brief  6.02.08
• Popejoy joinder  6.11.08
• Reply  7.28.08

• Opposition brief  7.07.08

Lead plaintiff

• Bernstein Litowitz

Company defense

• Latham & Watkins

Independent directors

• Gibson Dunn

Auditor defense

• Sidley Austin

Underwriters defense

• Paul Hastings

Morrice, Gotshall, Dodge

• Munger Tolles

Credit Crunch Litigation

Rule 10b Private Actions