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Browse: Home / 2014 / February / 05 / Mixed Verdict Returned in SEC Case Against Life Partners – WSJ.com

Mixed Verdict Returned in SEC Case Against Life Partners – WSJ.com

By Securities Docket on February 5, 2014, 11:15 pm

Life Partners Holdings Inc., a Texas company that sold fractional life-insurance investments to nearly 30,000 people, was found liable for revenue-recognition fraud and several other allegations filed by federal regulators in a civil lawsuit, but the federal jury found for the defense on more sweeping fraud claims involving the company’s underlying business practices, according to an attorney for the company.

via Mixed Verdict Returned in SEC Case Against Life Partners – WSJ.com

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