Business & Finance
Thu, October 6, 2011Wed, October 5, 2011Tue, October 4, 2011Mon, October 3, 2011Sun, October 2, 2011Sat, October 1, 2011Fri, September 30, 2011Thu, September 29, 2011Wed, September 28, 2011Tue, September 27, 2011Mon, September 26, 2011Sun, September 25, 2011Sat, September 24, 2011Fri, September 23, 2011Thu, September 22, 2011Wed, September 21, 2011Tue, September 20, 2011Rigrodsky & Long, P.A. Announces Investigation of Imperial Holdings, Inc.
Published in Business and Finance on Wednesday, September 28th 2011 at 14:47 GMT by Market Wire
WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it has launched an investigation into Imperial Holdings, Inc. (aImperial Holdingsa or the aCompanya) (NYSE: [ IFT ]) for possible violations of the federal securities laws following a raid of the Companya™s offices conducted by the FBI on September 27, 2011.
"the Company understands that it and certain of its employees, including its chairman and chief executive officer, and its president and chief operating officer, are under investigation in the District of New Hampshire with respect to its life finance business."
As a result of the FBIa™s raid, shares of Imperial Holdings were halted at 1:42 p.m. on September 27, 2011 and did not trade the rest of the day. When the Companya™s shares resumed trading on September 28, 2011, Imperial Holdingsa™ shares plummeted as much as 75%, trading as low as $2.19 per share.
Click here to learn more: [ http://investigations.rigrodskylong.com/imperialholdingsinc-ift/ ]
Imperial Holdings, through its subsidiaries, operates as a specialty finance company in the United States focused on providing premium financing for individual life insurance policies issued by insurance companies; and purchasing structured settlements.
On September 28, 2011, Imperial Holdings issued a press release wherein it confirmed that athe Company understands that it and certain of its employees, including its chairman and chief executive officer, and its president and chief operating officer, are under investigation in the District of New Hampshire with respect to its life finance business.a
If you are an Imperial Holdings shareholder, if you have information or would like to learn more about our investigation, 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 [ Timothy J. MacFall, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].
[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation ] and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
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