In Re New Century

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “All of the Circuit courts that have expressly considered whether group pleading is compatible with PSLRA have concluded that it is not”
• “The Complaint details declining loan performance, an increase in defaults, and a concomitant rise in repurchase claims, that were baldly disregarded in setting the reserve and valuing residual interests”
• “Defendants made material false and misleading statements regarding the 14 adequacy of internal controls during the Class Period.”
• “Motions to 27 strike are not favored and should not be granted unless it is clear that the matter to be stricken could have no possible 28 bearing on the subject matter of the litigation.”
• noting “serious auditing violations by KPMG”

Source: CourtListener parenthetical corpus (CC0).