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Life Partners Holdings (LPHI) is now soaring +120% after a Texas Judge ruled in its favor. Texas...
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Wednesday, September 26, 2012, 1:09 PM ETLife Partners Holdings (LPHI) is now soaring +120% after a Texas Judge ruled in its favor. Texas Attorney General Greg Abbott sued LPHI last month, alleging the company misled investors on the life expectancies of individuals selling their life insurance policies to the company - comparing the firm to a used car dealer who rolls back vehicle odometers to increase its value. The ruling can be appealed but Abbott has not yet said whether he will seek to continue the case.
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