Life Partners Investors Unlikely To Win Class Cert.: Judge

Law360, Dallas (February 4, 2013, 9:18 PM EST) -- A Texas federal judge on Monday said she’s likely to deny class certification to investors who say Life Partners Inc. fooled them by selling life settlements based on flawed predictions of life expectancy, saying the claims were too individualized to move forward as a class.

U.S. District Judge Barbara M.G. Lynn, speaking from the bench after oral arguments, said she would issue a written ruling after further weighing the issues but “remained troubled” by a class approach to the claims in part because of the complicated...
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