Press Releases

Notice to All Life Partners Holdings, Inc. Investors Concerning Class Action Lawsuit from the Securities Law Firm of Tramont Guerra & Nunez, PA

Coral Gables, Florida (Vocus/PRWEB) February 9, 2011 - The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) makes an announcement to all investors concerning the Life Partners Holdings, Inc. concerning the class action lawsuit (Case No. 11 CV 00027) filed February 3, 2011, in the United States District Court, Western District of Texas - Waco Division, for the class period starting May 29, 2007 and ending January 19, 2011. The class action filed alleges, "Had the Company used accurate and appropriate estimated life spans, LPHI would not have been able to charge the same transaction fees for the insurance policies and would not have reaped the same level of financial results as it reported during the Class Period." On January 20, 2011, Life Partners Holdings reported in a SEC Form 8-K filing, that the SEC "is conducting an investigation into the business of its operating subsidiary, Life Partners, Inc." In light of these developments, TGN urges investors who held Life Partners Holdings stock with full-service brokerage firms to consider what recourse is available to recover their investment losses. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry's conduct and safeguard the investing public. For investors who accumulated shares in Life Partners Holdings, the recent developments represent a significant loss in income and investment.

According to TGN, for many investors in Life Partners Holdings stock, they believed the stock was suitable for risk adverse investors with current income investment objectives. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice for investments made in customer accounts. Brokerage firms are required to supervise the activities in brokerage accounts, losses may be attributed to the failure to adequately supervise the stockbroker and the brokerage account. Recommendations of unsuitable investments is a cause of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA. Furthermore, an individual securities arbitration claim may allow investors to claim larger losses in Life Partners Holdings stock based on higher market values that prevailed prior to the class period.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $250,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

Contact:
David Chacin, Esquire
255 Alhambra Circle, Suite 1150
Coral Gables, Florida 33134
(800) 578-0137

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