3 New Century directors resign
- Share via
Three directors of New Century Financial Corp., an Irvine-based sub-prime mortgage lender in bankruptcy, resigned from the firm’s board of directors.
Chairman Robert K. Cole and financial Vice Chairman Edward F. Gotschall, who helped start the company in 1995, quit the board Tuesday. A third director, Richard A. Zona, resigned Monday, according to a filing with the Securities and Exchange Commission.
“With the wind-down virtually complete, New Century will be filing its final plan of liquidation in the next couple of months,” company spokesman Dan Gagnier said. “It is not unusual for directors to resign at this point in the process.”
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.