Professional Documents
Culture Documents
168967)
Emily Alexander (State Bar No. 220595)
2 THOMAS, ALEXANDER & FORRESTER LLP
14 27th Avenue
3
Venice, California 90291
4 Tel.: (310) 961-2536
Fax: (310) 526-6852
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Attorneys for Claimant The New Century
6 Liquidating Trust and Reorganized New
Century Warehouse Corporation, by and
7 through Alan M. Jacobs, as Liquidating
Trustee and Plan Administrator
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18 The Liquidating Trustee stands in the shoes of the New Century debtors which are the
following entities: New Century TRS Holdings, Inc. (f/k/a New Century Financial Corporation),
19 a Delaware corporation; New Century Mortgage Corporation (f/k/a JBE Mortgage) (d/b/a
NCMC Mortgage Corporate, New Century Corporation, New Century Mortgage Ventures,
20 LLC), a California corporation; NC Capital Corporation, a California corporation; Homel23
21 Corporation (f/k/a The Anyloan Corporation, 1800anyloan.com, Anyloan.com), a California
corporation; New Century Credit Corporation (f/k/a Worth Funding Incorporated), a California
22 corporation; NC Asset Holding, L.P. (f/k/a NC Residual II Corporation), a Delaware limited
partnership; NC Residual III Corporation, a Delaware corporation; NC Residual IV Corporation,
23 a Delaware corporation; New Century R.E.O. Corp., a California corporation; New Century
R.E.O. II Corp., a California corporation; New Century R.E.O. III Corp., a California
24 corporation; New Century Mortgage Ventures, LLC (d/b/a Summit Resort Lending, Total
Mortgage Resource, Select Mortgage Group, Monticello Mortgage Services, Ad Astra Mortgage,
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Midwest Home Mortgage, TRATS Financial Services, Elite Financial Services, Buyers
26 Advantage Mortgage), a Delaware limited liability company; NC Deltex, LLC, a Delaware
limited liability company; NCoral, L.P., a Delaware limited partnership; and New Century
27 Warehouse Corporation (“NCW”), a California Corporation.
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22 39. Each of the above deficiencies was the result of KPMG’s knowing
23 and substantial assistance and encouragement to the directors and officers in these
25 40. KPMG therefore aided and abetted the directors’ and officers’
26 breaches of fiduciary duties. As a result, KPMG is jointly responsible with the directors
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17 _________________________________________
Steven W. Thomas (State Bar No. 168967)
18 Emily Alexander (State Bar No. 220595)
Mark Forrester (State Bar No. 208097)
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THOMAS, ALEXANDER & FORRESTRER LLP
20 14 27th Avenue
Venice, California 90291
21 Tel.: (310) 961-2536
Fax: (310) 526-6852
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