Life Partners, SEC Spar Over Mixed Jury Verdict

Law360, New York (February 19, 2014, 3:37 PM EST) -- Life Partners Holdings Inc. said the U.S. Securities and Exchange Commission improperly revised its claims in a suit alleging the company artificially inflated stock prices, telling a Texas federal judge on Tuesday that the agency is using unsubstantiated arguments in a bid to uphold a recent jury verdict.

In a Tuesday reply to the SEC's motion for judgment, Life Partners claimed the agency was relying on arguments it had failed to present evidence at trial for, to preserve a recent jury verdict finding the company had...
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