Life Settlement Class Action
Dallas Law Firm Heygood, Orr & Pearson Files Life Settlement Class-Action Lawsuit Against Life Partners Holdings, Inc.’s Life Partners Inc.
Dallas Law Firm Heygood, Orr & Pearson announced that they have filed a class-action lawsuit in Ellis County on behalf of Texas investors who say Waco-based Life Partners Inc. charged excessive premiums on the company’s so-called “life settlement” policies.
This is the second lawsuit Heygood, Orr & Pearson has filed against Life Partners in the past month. The first was a nationwide class action filed in Dallas County, which includes allegations that Life Partners wrongfully withheld thousands of dollars investors paid in escrowed premiums.
Life Partners, a subsidiary of the publicly traded Life Partners Holdings Inc. purchases life insurance policies from policyholders for the purpose of selling interests in those policies to groups of investors.
Source: Reuters
