Seeking Alpha
Profile| Send Message|
( followers)  
In an amended 13D filing yesterday morning on New Century Financial Corp. (NEW), 6.3% holder Greenlight Capital disclosed that its founder David Einhorn resigned as a director of New Century effective as of 7:00 p.m. EST on March 7, 2007. No reason was given for the departure.

Shares of sub-prime lender New Century have plummet recently related to problems in the sector and federal investigations into their accounting and stock trading activity.

Source: New Century Financial: Greenlight Capital's Einhorn Resigns from Board