San Francisco-based Green Welling LLP it filed a class action lawsuit against subprime lender New Century Financial Corp on Tuesday. In a press release, the firm accused the Irvine, California-based lender of providing materially false and misleading statements in 2006 and neglecting to account for loan repurchases that were later reflected as losses in the company’s final 2006 year-end report. When the losses were finally accounted for, the firm says shares of New Century Financial fell 35 percent on the New York Stock Exchange. The latest class action lawsuit against New Century Financial has been filed on behalf of all investors who purchased common stock between May 4, 2006 and February 7, 2007.