{"id":1558,"date":"2014-12-03T18:35:12","date_gmt":"2014-12-03T18:35:12","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/12\/judge_orders_texasbased_life_p"},"modified":"2022-03-11T13:34:14","modified_gmt":"2022-03-11T19:34:14","slug":"judge-orders-texasbased-life-p","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/judge-orders-texasbased-life-p\/","title":{"rendered":"Judge Orders Texas-Based Life Partners Holdings Inc., Two Executives to Pay $46.9M Over Securities Filings"},"content":{"rendered":"

\t\t\t\tLife Partners Holdings Inc., its CEO Brian D. Pardo, and general counsel R. Scott Peden must pay $46.9M in penalties and disgorgement. This is the final judgment in the wake of a verdict in the U.S. Securities and Exchange Commission’s civil case. The jury found them liable for submitting securities filings that were misleading and untrue. Life Partners sells life insurance investments. <\/p>\n

U.S. District Judge James Nowlin, in his judgment, said that oversight and compliance at the Texas-based company<\/a> “were non-existent.” He accused the defendants of serious violations of securities laws. <\/p>\n

The judgment is a partial vindication for the SEC. After the verdict was issued earlier this year, both sides declared the outcome a victory for each. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Life Partners Holdings Inc., its CEO Brian D. Pardo, and general counsel R. Scott Peden must pay $46.9M in penalties and disgorgement. This is the final judgment in the wake of a verdict in the U.S. Securities and Exchange Commission’s civil case. The jury found them liable for submitting securities filings that were misleading and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3750],"tags":[3461],"class_list":["post-1558","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud","tag-life-insurance-investments"],"yoast_head":"\nJudge Orders Texas-Based Life Partners Holdings Inc., Two Executives to Pay $46.9M Over Securities Filings — Investor Lawyers Blog — December 3, 2014<\/title>\n<meta name=\"description\" content=\"Life Partners Holdings Inc., its CEO Brian D. Pardo, and general counsel R. Scott Peden must pay $46.9M in penalties and disgorgement. 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