Life Partners Holdings Named in Shareholder Lawsuits in Wake of Life Settlements Woes
Life Partners Holdings, Inc., the life settlements firm already facing a storm of criticism and a Securities & Exchange Commission (SEC) probe over the way it marketed investments, is now the subject of two lawsuits. Both shareholder lawsuits, filed in U.S. District Court for the Western District of Texas, seek class action … [Read more...]
Secondary Life Insurance Policy Market Coming Under Scrutiny
Older people who purchased life insurance policies to "flip" on the secondary life insurance market are now filing lawsuits claiming they were misled into paying premiums on policies that ultimately found no buyers. These claimants constitute the other side of the life settlements market, a type of investment vehicle critics say is … [Read more...]
Life Partners Holdings Could Face Lawsuits
Yesterday, we wrote that Texas-based Life Partners Holdings Inc. moved to reduce some of rates of return it had promoted for its life settlement investments. The new approach involves targeting its clients' annual returns of seven percent over seven years, instead of the currently targeted 12-to-14 percent over a shorter timeframe of … [Read more...]
Life Partners Holdings Changes Marketing Method After Criticism
Life Partners Holdings Inc., a Texas company that sells investments known as Life Settlements, recently acknowledged that it is the subject of a Securities and Exchange Commission (SEC) probe Now, in the midst of the probe, as well growing interest into its activities, said The Wall Street Journal, Life Partners Holdings Inc. is … [Read more...]
