If you have invested in or are a shareholder of the life insurance financial services companies Life Partners, Inc. or Life Partners Holdings, Inc., you may be able to take legal action against them. The South Carolina personal injury lawyers at the Joye Law Firm may be able to help.
According to an article in the Wall Street Journal, the Securities Exchange Commission (SEC) is investigating Life Partners for potential securities fraud violations related to its estimates of life expectancies of insured individuals. Additionally, in recent months, Life Partners stock price has dropped dramatically.
Potential Legal Action
Over the past few years, numerous state securities and insurance regulators have brought actions against Life Partners for illegally selling investments and/or insurance without the proper licenses. In settling an action brought by the State of Colorado, Life Partners agreed to buy back the investment contracts from Colorado customers.
If you are a Life Partners investor or customer, our South Carolina personal injury lawyers would like to talk with you. Call the Joye Law Firm today at (877) 936-9707 or complete a FREE online consultation form. Let us help you.