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Life Partners Atty Says He's Not To Blame For CEO's Bad Acts

Law360 (August 29, 2018, 5:49 PM EDT) -- The former top lawyer for bankrupt life settlement trader Life Partners Holdings Inc. urged a federal judge in Texas to reject a report and recommendation from a magistrate judge that he be held liable for the “bad actions” of the company's former CEO, who was found liable for securities violations.

R. Scott Peden wrote in an objection filed Tuesday that throughout the entire case he has wrongly been held accountable for actions undertaken by CEO Brian Pardo, even though the evidence is clear that Peden had...
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