Life Partners Holdings, Inc.

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Case overview

Case Number:

4:15-bk-40289

Court:

Texas Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

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.
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.
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.
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.
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.
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.
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.
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.
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.
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.