The Securities and Exchange Commission (SEC) has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.

Former CEO and co-founder Brad A. Morrice, former CFO Patti M. Dodge and former controller David N. Kenneally consented to the settlement. The settlement offers, which have been submitted to a court for approval, are contingent upon the court’s approval of a global settlement in a lawsuit involving the collapsed lender.

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