|Attorney Geoff Weisbart says ‘Life Settlement' Policy Debate is Renewed|
|August 27, 2012 7:22 am|
A lawsuit filed last week by the Texas Attorney General's Office against Waco-based Life Partners Holdings Inc. includes claims that the publicly traded company is selling unregistered securities to investors. Life Partners provides lump-sum payments to customers in exchange for the proceeds from their life insurance policies. Attorney Geoff Weisbart of Austin's Weisbart Springer Hayes has extensive experience representing plaintiffs who have had problems with these so-called "life settlement" policies, including work on behalf of numerous senior citizens and retirees. "Anyone purchasing an interest in a life settlement should be a very sophisticated purchaser who really knows what they are doing and recognizes the related risks," says Weisbart. "Likewise, any group selling life settlement interests must understand that courts are ruling that these policies are securities, requiring compliance with securities laws." For more information, contact Bruce Vincent at 800-559-4534 or firstname.lastname@example.org.
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