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Jul 13, 2016 · A Texas bankruptcy judge has approved a massive $1 billion settlement presented by Life Partners Holdings’ court-appointed bankruptcy trustee. The settlement will resolve class action litigation alleging that thousands of investors were fraudulently misled into purchasing bad life insurance settlements with promises of big returns.
Jan 6, 2012 · Posted on January 6th, 2012 at 9:39 AM. The Securities Exchange Commission (SEC) began 2012 by charging Life Partners Holdings Inc. and three of its senior executives for their “involvement in a fraudulent disclosure and accounting scheme.”
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Jan 3, 2012 · Washington, D.C., Jan. 3, 2012 — The Securities and Exchange Commission today charged Texas-based financial services firm Life Partners Holdings Inc. and three of its senior executives for their involvement in a fraudulent disclosure and accounting scheme involving life settlements.
Nov 1, 2016 · Learn About Bloomberg Law. Life Partners Holdings Inc., which collapsed amid accusations that it defrauded investors, will end its tumultuous bankruptcy by putting a Texas-based investment firm in charge of its so-called life settlement business (In re Life Partners Holdings Inc.order).
Nov 1, 2017 · By H. Thomas Moran, II. November 2017. Facebook Twitter LinkedIn. Many bankruptcy practitioners are at least somewhat familiar with the highly publicized proceedings involving Life Partners Holdings Inc. (LPHI), a company that sold fractional ownership interests in life insurance policies — referred to as life settlements.
May 21, 2015 · A Texas company that sold more than $1.3 billion of fractional interests in individuals’ life-insurance policies to more than 20,000 people operated a “wide-ranging scheme to defraud its...
March 2014: Life Partners cleared of all fraud claims. Life Partners Holdings, Inc. announced in March 2014 that an Austin Federal court has ruled that the Securities and Exchange Commission failed to prove any of its fraud claims against Life Partners and its CEO, Brian Pardo, and General Counsel, Scott Peden.
