Law360, New York (September 28, 2011, 6:09 PM ET) -- Federal agents on Tuesday raided the Florida offices of Imperial Holdings Inc., a company that makes lump-sum payments for life insurance policies and legal settlements, sparking shareholder investigations by at least six law firms and sending its stock price plummeting.
Officials confirmed the search's connection to a probe in New Hampshire, where the company and several of its executives are under investigation in connection with its life finance business, which buys life insurance policies for a fraction of their value and later collects the payout....
FBI Raid Of Imperial Sparks Shareholder Probes
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