“The New Century Liquidating Trustee and KPMG LLP have entered into a confidential settlement agreement, pursuant to which the lawsuits and arbitration against KPMG LLP and KPMG International have been resolved.”
Update: July 30, 2010
The court appointed Liquidating Trustee and Plan Administrator for New Century, Mr. Allan M. Jacobs, provided this response when asked ot confirm Mr. Thomas’ statement:
“Mr. Thomas’ response is accurate and complete.”
More details as they emerge.