(Reuters) - U.S. Trustee Kelly Beaudin Stapleton, acting for the U.S. Department of Justice, had urged Carey to name a trustee to replace management, citing the latter's alleged failure to ensure proper accounting and internal controls.
Irvine, California-based New Century had been one of the largest U.S. providers of home loans to people with poor credit histories before seeking protection from creditors on April 2.
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