July 17, 2015
Brian D. Pardo, CEO of bankrupt life insurance purchaser Life Partners Holdings Inc., lodged an amended bid Thursday to remove Chapter 11 trustee H. Thomas Moran II and his Thompson & Knight LLP counsel, saying they are too close to the U.S. Securities and Exchange Commission, which is going after the company for fraud.
June 12, 2015
Fractional interest holders in Life Partners Holdings Inc.'s bankruptcy on Thursday objected to the trustee's emergency motion to tap certain assets to pay out policy premiums, saying the trustee created the alleged cash crisis himself by halting payments.
June 10, 2015
The U.S. Securities and Exchange Commission on Tuesday refused to grant a hearing to the general counsel of bankrupt Life Partners Holdings Inc. over his request to lift a temporary suspension on him practicing before the agency.
May 21, 2015
The trustee monitoring the bankruptcy of Life Partners Holdings Inc. on Wednesday said the company engaged in a multiyear "wide-ranging" fraud in his emergency motion in Texas bankruptcy court to control the distribution of death benefits payable on the policies held by its customers.
March 10, 2015
A Texas bankruptcy judge ordered Tuesday that troubled insurance settlement provider Life Partners Holdings Inc. be supervised during bankruptcy by a chapter 11 trustee, something the U.S. Securities and Exchange Commission had pushed for in response to allegedly questionable company statements.
February 25, 2015
The U.S. Securities and Exchange Commission on Tuesday told a Texas bankruptcy court that a "grossly misleading" news release issued by Life Partners Holdings Inc. earlier this week suggests its former top brass may still be involved in management roles, further underpinning the need for a Chapter 11 trustee.