T&K Attorneys Mentioned in Law360 on Life Partners Investor Litigation Deal

“Texas Judge OKs $1B Deal In Life Partners Investor Litigation”

A Texas bankruptcy judge has approved a more than $1 billion deal floated by Life Partners Holdings’ court-appointed bankruptcy trustee to resolve class action litigation alleging that thousands of investors were duped into purchasing bad life insurance settlements with promises of big returns.

U.S. Bankruptcy Judge Russell F. Nelms signed off on a settlement Friday that covers legal claims brought on behalf of more than 20,000 investors, resolving a major hurdle in Life Partners Holdings Inc.’s quest to restructure after filing for bankruptcy early last year.

Moran is represented by David M. Bennett, Richard B. Roper and Katharine Battaia Clark of Thompson & Knight LLP.