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Securities and Exchange Commission v. Life Partners Holdings, Inc. et al

  1. October 01, 2018

    Ex-Life Partners Atty, CEO Ordered To Pay $7M In Fines

    A Texas federal judge on Friday adopted the bulk of a magistrate judge's recommendation as to penalties for two former insiders of bankrupt life settlement trader Life Partners Holdings Inc., saying that nearly $7 million in individual punishments is appropriate.

  2. September 10, 2018

    SEC Backs $7M In Fines For Ex-Life Partners Atty, CEO

    The U.S. Securities and Exchange Commission on Monday told a Texas federal court that it should adopt a recommendation to levy a combined $7 million in civil penalties against an attorney and former CEO for bankrupt life settlement trader Life Partners Holdings Inc., arguing that the pair's objections to the penalties were baseless.

  3. August 30, 2018

    $5M Fine Is Excessive, Ex-Life Partners CEO Tells Judge

    The former CEO of Life Partners Holdings Inc. disputed a Texas federal magistrate judge's call for him to pay $5 million in fines, saying Wednesday that the judge got the law wrong and gave his stamp of approval to the U.S. Securities and Exchange Commission's "trophy-hunting" mindset.

  4. August 29, 2018

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

    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.

  5. November 06, 2017

    Life Partners Exec Says SEC Seeking Too Much In Fraud Suit

    The former CEO of bankrupt "death bond" trader Life Partners Holding Inc. on Monday told a Texas federal court that after the Fifth Circuit reinstated some securities fraud claims against him, he might be liable for roughly $160,000 — but not the $520 million sought by the U.S. Securities and Exchange Commission.

  6. February 02, 2015

    Life Partners Execs Get No Break On Appeal Bonds

    A Texas federal judge on Monday refused to let two top executives of bankrupt Life Partners Holdings Inc. get out of posting $8 million in bonds for their appeal of the U.S. Securities and Exchange Commission's successful case against them and the life settlement company.

  7. January 20, 2015

    Life Partners Hits Ch. 11, Looks To Skirt $47M Judgment

    Life Partners Holdings Inc. filed for Chapter 11 bankruptcy protection on Tuesday in a bid to buy time while it appeals a $47 million judgment the U.S. Securities and Exchange Commission secured against the life settlement provider.

  8. January 06, 2015

    SEC Says Court Should Appoint Receiver For Life Partners

    The U.S. Securities and Exchange Commission on Monday asked a Texas federal judge to appoint a receiver over Life Partners Holdings Inc., saying the struggling company's CEO and general counsel are wasting assets and ignoring federal securities laws.

  9. December 22, 2014

    $47M Life Partners Judgment Impairs MDL, Shareholders Say

    Shareholders involved in multidistrict litigation with Life Partners Holdings Inc. want a federal Texas judge to reduce a $47 million award from a securities suit against the financial services company by 75 percent or more, arguing Monday that there will be nothing left to compensate shareholders after paying the judgment to the U.S. Securities and Exchange Commission.

  10. December 02, 2014

    Life Partners, Execs To Pay $47M For False SEC Filings

    A Texas federal judge on Tuesday ordered Life Partners Holdings Inc. and two of its executives to pay $47 million for filing false U.S. Securities and Exchange Commission reports, following a mixed jury verdict that cleared them of insider trading.

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