Life Partners LPHI Common Stock Purchasers File Securities Fraud Class Action Lawsuit Complaint Against Life Partners Over Estimated Life Expectancies Of Insureds.
A securities fraud class action lawsuit has been filed against Life Partners Holdings, Inc. (“Life Partners Holdings” or “Life Partners”), and certain of Life Partners Holdings’s officers and directors (collectively “Defendants”) in the United States District Court for the Western District of Texas on behalf of a class consisting of purchasers of Life Partners (NASDAQ symbol: LPHI) common stock between May 29, 2007 and January 19, 2011, inclusive (the “Class Period”), alleging that Life Partners Holdings and certain of its officers and directors violated federal securities fraud laws by failing to disclose that Life Partners was shortening the estimated life expectancies of insured individuals, according to Life Partners securities fraud class action lawsuit news reports.
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