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Jul 13, 2016 · July 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.
Sep 13, 2022 · NEW YORK-- ( BUSINESS WIRE )--Life Partners Position Holders Trust (the “Trust”) and BroadRiver Asset Management, L.P. (“BroadRiver”) announced that on September 6 the Trust and BroadRiver...
Nov 1, 2016 · 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).
Dec 3, 2014 · Andrew Ceresney. Director, Division of Enforcement. Dec. 2, 2014. We are pleased that the court today ordered Life Partners, Pardo, and Peden to pay over $46.8 million.
Feb 5, 2014 · Pardo. By MIKE COPELAND. A federal jury in Austin found that Waco-based Life Partners Holdings did violate securities laws, but determined that neither it nor two executives named in a lawsuit...
Jun 14, 2017 · Jun 14, 2017. A jury in Fort Worth has found that Brian Pardo, longtime CEO of Waco-based Life Partners Holdings, committed fraud in his operation of the company he founded and owes millions of...
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...
