Life Partners Holdings (LPHI) responds to the Texas Attorney General, saying they "deny the...

|About: Life Partners Holdings Inc (LPHI)|By:, SA News Editor

Life Partners Holdings (LPHI) responds to the Texas Attorney General, saying they "deny the allegations in the strongest possible terms." The Texas AG filed suit against Life Partners and its officers, alleging it made various misrepresentations about the life expectancies of the insureds. The suit seeks a temporary restraining order and appointment of receiver based generally on allegations that Life Partners' life settlements are securities under Texas law. Shares -5% AH.