Life Partners Investors Consolidate Suits Over Data

Law360, New York (July 6, 2011, 1:07 PM EDT) -- A Texas federal judge on Tuesday consolidated five proposed class actions that claim Life Partners Holdings Inc. duped investors into buying securities using faulty life expectancy data, which eventually led to steep stock losses when the misleading information came to light.

U.S. District Judge Alia Moses agreed to consolidate all but two of the cases plaintiffs sought to combine, deciding that the excluded pair involved several separate legal claims and did not, at this point, belong with the others. However, the judge decided the other cases...
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