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Law Offices of Howard G. Smith Announces Investigation of Imperial Holdings, Inc.

^{Published on 2011-09-28 16:02:48 - Market Wire}
 

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 Imperial Holdings, Inc. (aIFTa or the aCompanya) (NYSE:IFT) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between February 8, 2011 and September 28, 2011, regarding IFTa™s business, operations and financial condition were false and misleading.

IFT, through its subsidiaries, operates as a specialty finance company in the United States, which provides premium financing for individual life insurance policies issued by insurance companies. Specifically, the investigation relates to the Companya™s disclosure that on September 27, 2011, the Company was served with a search warrant and that the Federal Bureau of Investigation had performed a raid of the Companya™s offices. The Company confirmed the raid and said that IFT, along with its Chairman and Chief Executive Officer and its President and Chief Operating Officer, are under investigation for matters related to the Companya™s life-insurance business. On this news, shares of IFT declined more than 63%.

If you purchased IFT securities between February 8, 2011 and September 28, 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 ].