Bankruptcy Mitigation in Ad Hoc Committee | Kennedy Law, P.C.

Kennedy Law Retained to Represent Ad Hoc Committee

Author: Stephen Kennedy

In March, 2015, Kennedy Law was retained to represent an Ad Hoc Committee in one of the largest bankruptcies in the State of Texas in recent years. The bankruptcy involves Life Partners Holdings, Inc., a publicly traded company that defrauded numerous investors in the business of purchasing life insurance policies for individuals projected to die within a specific timeframe based on actuarial tables. The actuarial tables were shown to be false and the founder defrauded thousands of people into investing billions from their retirement plans and cash accounts. The money invested was not properly segregated. The Ad Hoc Committee represents numerous people who purchased these assets based on fraudulent information. David Ritter, of counsel to Kennedy Law, is lead counsel representing the Committee.

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