Texas Wins Life Partners Injunction In Securities Fraud Suit

By Lana Birbrair (August 16, 2012, 6:30 PM EDT) -- A Texas judge on Thursday issued a one-day temporary injunction forbidding Life Partners Holdings Inc. from disposing of any assets or destroying any books and records in a suit launched by the Texas attorney general accusing the insurer of selling fraudulent, unregistered securities.

Judge Orlinda Naranjo ordered Life Partners not to transfer or sell any assets or destroy any books or records related to allegations that the company, along with its CEO Brian Pardo and President Scott Peden, sold fraudulent securities until a hearing scheduled for Friday.

The suit, launched Wednesday by Texas Attorney General Greg Abbott, alleges that Life Partners,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!