In Re New Century

ORDER DENYING DEFENDANTS’ MOTIONS TO DISMISS AND DENYING MOTION TO STRIKE

DEAN D. PREGERSON, District Judge.

This is a securities class action that arises in the wake of the sub-prime mort gage lending crisis and the collapse of one of the industry’s formerly largest sub-prime mortgage lenders, New Century Financial Corporation (“New Century”). Lead Plaintiff New York State Teachers Retirement System (“NYSTRS”) brings this action on behalf of all persons and entities, other than Defendants, who purchased or acquired New Century common stock, New Century Series A Cumulative Redeemable Preferred…