Business & Finance
Thu, March 10, 2011Wed, March 9, 2011Tue, March 8, 2011Mon, March 7, 2011Sun, March 6, 2011Sat, March 5, 2011Fri, March 4, 2011Thu, March 3, 2011Wed, March 2, 2011Tue, March 1, 2011Investors Have 30 Days to File for Lead Plaintiff in Life Partners Holdings, Inc. Lawsuit
Published in Business and Finance on Friday, March 4th 2011 at 22:20 GMT by Market Wire
BERKELEY, Calif.--([ BUSINESS WIRE ])--Hagens Berman Sobol Shapiro LLP, a nationwide, investor-rights law firm, reminds investors that they must file a motion with the court no later than April 4, 2011, if they wish to serve as lead plaintiff in a class-action lawsuit that charges Life Partners Holdings, Inc. (NASDAQ:LPHI) with deceptive business practices. A lawsuit has been filed on behalf of purchasers of LPHI common stock in the U.S. District Court for the Western District of Texas.
"Investors with significant losses who wish to move to be a lead plaintiff should carefully consider the qualifications of the counsel they choose to represent them."
Investors who purchased more than $100,000 worth of LPHI stock between May 29, 2007, and January 20, 2011 (the aClass Perioda), are encouraged to call Hagens Berman partner Reed R. Kathrein at 510-725-3000 for a personal consultation. Investors can also contact the Hagens Berman legal team through e-mail at [ LPHI@hbsslaw.com ].
aAs the final phase of this investigation advances, we expect to hear from more witnesses who can provide more details about these claims and from investors who believe that they have been damaged by Life Partners Holdingsa™ practices,a said Mr. Kathrein. aInvestors with significant losses who wish to move to be a lead plaintiff should carefully consider the qualifications of the counsel they choose to represent them.a
Life Partners Holdings, Inc., headquartered in Waco, Texas, is engaged in the secondary market for life insurance, commonly called "life settlements." Life Partners Holdings, Inc. helps investors buy the life insurance policies of terminally ill patients and the elderly at a discount of the policies' face value.
Hagens Berman welcomes any additional information from investors, agents or policyholders regarding actual experience with the policies and their performance.
Shares of LPHI dipped by $2.61, or about 17 percent, to $12.43 after Life Partners Holdings, Inc. confirmed an SEC investigation. Today the stock trades for less than $10 per share. In December 2010, and prior to news articles from The Wall Street Journal, the LPHI stock traded as high as $18.34.
More details of the investigation can be found at [ http://www.hbsslaw.com/LPHI ].
[ About Investor Fraud Practice ]
Hagens Berman is a nationally recognized investor-rights law firm that provides highly acclaimed fraud recovery and asset protection services to individual and institutional investors who have been negatively affected by poor corporate governance, breach of fiduciary duties, misrepresentation of information, or a failure of good faith, fair dealing or loyalty. We have successfully prosecuted hundreds of cases, including the recent class-action lawsuit against Charles Schwab & Co, which resulted in a $235 million settlement on behalf of investors. For an in-depth discussion of securities fraud, corporate governance and investor rights, please visit our [ Meaningful Disclosure blog ].
Seattle-based Hagens Berman Sobol Shapiro LLP is one of the top class-action law firms in the nation, with offices in Boston, Chicago, Colorado Springs, Los Angeles, Phoenix, San Francisco and Washington, D.C. Founded in 1993, we represent plaintiffs in class actions and multi-state, large-scale litigation that seek to protect the rights of investors, consumers, workers and [ whistleblowers ]. More information about the firm is available at [ www.hbsslaw.com ].
