Life Settlement News

Managers of Life Partners Holdings Inc. are not sure why the price of the company’s common stock is going up and down so much this week.
Brian Pardo, chief executive of Life Partners, Waco, Texas, a publicly traded life settlement company, today issued a statement discussing the price swings.
The price of the stock has ranged between [...]

Lawfuel - The Law Newswire - R. Alexander Acosta, United States Attorney for the Southern District of Florida, and Michael Yasofsky, Special Agent in Charge, Internal Revenue Service (IRS), announced today that defendant David Traina pled guilty on May 15, 2007 before United States District Judge K. Michael Moore in Miami federal court to an [...]

Mutual Credit Corporation (MCC) Wins Preliminary Injunction from California Superior Court against Mark Ross and Companies
Ross and Collaborating Agents Acting in Concert with Him Could Be Held Liable for Millions of Dollars, According to MCCÂ
IRVINE, Calif.–(BUSINESS WIRE)–The Honorable Ronald L. Bauer, Judge of the Orange County Superior Court, granted MCC’s request for a preliminary [...]

FORT WASHINGTON, Pa., - Coventry today issued the following statement in connection with a lawsuit that was filed by Ritchie Capital Management:
“Coventry considers this action by Ritchie Capital Management to be a cheap publicity stunt to divert attention from its own well-documented problems and will seek an immediate dismissal with prejudice.
Coventry has not committed fraud [...]

Ritchie Capital, the troubled hedge fund which last month sold its flagship fund, has filed a $2bn (€1.5bn) lawsuit alleging fraud against a life insurance company.
The complaint alleges Coventry First committed fraud, breach of fiduciary duty and breach of contract stemming from an agreement to invest in life insurance products in 2005. Ritchie Capital is [...]