Business & Finance
Business and Finance
Business and Finance
Mon, January 31, 2011
Sun, January 30, 2011
Sat, January 29, 2011
Fri, January 28, 2011 Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Life Partners Holdings, Inc.
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of Life Partners Holdings, Inc. (aLife Partnersa or the aCompanya) (Nasdaq GS:LPHI) concerning possible violations of federal securities laws. Life Partners, through its subsidiary, Life Partners, Inc., operates in the secondary market in the United States for life insurance,commonly called alife settlements.a The Company arranges to buy individualsa™ life insurance policies, and sells fractional interests to investors who collect the death benefits when the insured person dies.
"has made large fees from its life-insurance transactions while often significantly underestimating the life expectancies"
The investigation focuses on allegations that certain statements issued by the Company between May 29, 2007 and January 20, 2011, regarding Life Partnersa™ business and operations were materially false and misleading. On December 21, 2010, The Wall Street Journal reported that Life Partners ahas made large fees from its life-insurance transactions while often significantly underestimating the life expectanciesa of insured individuals. On January 20, 2011, a Company-issued press release confirmed that the Securities and Exchange Commission is conducting an investigation into the business of Life Partners, Inc.
If you purchased Life Partners securities between May 29, 2007 and January 20, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ www.howardsmithlaw.com ].
