Life Partners Holdings, Inc.

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Case Number:

4:15-bk-40289

Court:

Texas Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. May 31, 2016

    Texas Judge OKs $1B Deal In Life Partners Investor Litigation

    A Texas bankruptcy judge has approved a more than $1 billion deal floated by Life Partners Holdings' court-appointed bankruptcy trustee to resolve class action litigation alleging that thousands of investors were duped into purchasing bad life insurance settlements with promises of big returns.

  2. April 26, 2016

    Thompson & Knight Seeks $4.7M For Life Partners Work

    Thompson & Knight LLP is seeking more than $4.7 million in compensation for work that the firm's attorneys performed last fall representing the court-appointed bankruptcy trustee for Life Partners Holdings Inc. at a crucial time during the troubled life insurance purchaser's Chapter 11 case, according to court papers filed in Texas on Monday.

  3. April 04, 2016

    Life Partners To Pay Over $1B To Settle Investor Suits

    Life Partners Holdings court-appointed bankruptcy trustee has agreed to resolve for more than $1 billion class action litigation brought on behalf of thousands of investors who claim they were duped into purchasing bad life insurance settlements with promises of big returns.

  4. March 14, 2016

    Life Partners Trustee Says Co. Perpetrated Historic Fraud

    The court-appointed trustee for Life Partners Holdings has in recent days launched a new wave of litigation against investors and associates after concluding in a report that former CEO Brian Pardo engaged in one of the largest frauds in Texas history through a deceptive scheme to market and sell life insurance settlements.

  5. February 09, 2016

    Life Partners Investors Say Trustee Derailing Ch. 11 Plan

    Multiple creditors of Life Partners Holdings Inc. on Monday came out against its current Chapter 11 reorganization plan, with one informal group of investors telling a Texas bankruptcy court the estate trustee essentially forced their objection by insisting that he be appointed to control several trusts proposed in the plan.

  6. December 01, 2015

    Life Partners Files Ch. 11 Plan

    Life Partners Holdings Inc. has filed its Chapter 11 bankruptcy plan of reorganization in Texas federal court, which would provide a full recovery for secured claims and give unsecured creditors a portion of an unspecified recovery from a trust established under the plan.  

  7. October 28, 2015

    Trustee Hits Life Partners Sales Team With $92M Clawback

    Life Partners Holdings Inc. Chapter 11 trustee H. Thomas Moran II on Wednesday hit 30 defendants with a $92 million fraudulent transfer suit, accusing them of fibbing about the value of policies controlled by the bankrupt life insurance concern as they sold interests to investors. 

  8. September 11, 2015

    Life Partners Trustee Hits Back At CEO With $41M Fraud Suit

    Life Partners Holdings Inc. Chapter 11 trustee H. Thomas Moran II struck back Friday at Brian Pardo, the CEO of the bankrupt life insurance policy purchaser, with a $41 million fraud and racketeering complaint that came a month after Pardo accused Moran of cozying up to securities regulators in a bid to remove him as trustee.

  9. September 04, 2015

    Suitors Lose Bid To End Life Partners' Ch. 11 Exclusivity

    Life Partners Holdings Inc. subsidiaries will retain control over their Chapter 11 cases until later this month, a Texas bankruptcy judge decided Friday, rejecting a bid by suitors to end the debtors' exclusivity and allow them to file a competing plan to reorganize the life settlements purveyor.

  10. July 30, 2015

    Life Partners Creditors Deride CEO's Call To Pull Trustee

    The unsecured creditors of life insurance purchaser Life Partners Holdings Inc. told a Texas bankruptcy court on Thursday that its CEO, Brian Pardo, shouldn't be allowed to force out the Chapter 11 trustee working on the case.