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$250,000 paid to settle AIDS related Life Partners Lawsuit
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In another Life Partners lawsuit, the Waco, Texas life settlement provider has agreed to pay a woman $250,000, as a result of a challenge to provisions of one of the life insurance policies it purchased.
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$770,000 paid to settle Florida Life Partners Lawsuit
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Although denying it broke any Florida regulatory laws, Waco, Texas-based life settlement provider Life Partners paid the state $770,000 to settle charges against it. The Florida Office of Insurance Regulation received the $770,000 as a result of its claims that Life Partners engaged in the purchase of insurance policies from the state’s residents without holding a license from the state.
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$1.25 million paid to settle Life Partners Lawsuit
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Life Partners, a Waco, Texas life settlements provider agreed to pay investment bank Maxim Group $1.25 million in stock to settle Maxim’s lawsuit against it.
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Life Partners revenue drops by 16%
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Business Wire reported financial results for Life Partners Holdings, Inc. (NASDAQ GS: LPHI) today, based on information that LPHI shared in a January 10, 2011 press release. Net income for the company decreased by 15% for the three-month period ended November 30, 2010, as compared to the equivalent period in 2009.
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Life Partners announces new escrow program, possibly in response to Life Partners Lawsuit
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The Life Settlements Report, a website that monitors and follows the secondary market for life insurance, in a January 27, 2011 post, said that Life Partners revealed details of a new premium escrow program.
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