Life Partners Holdings Inc fka LPHIQ

[Paullee]

yeah, i found it, thx :(

[Renee]

The deletion list is not recurring so you would have to go to fridays list to see the ticker deletion.

Go to the Daily List Date Range START, and click open the little calendar box. Then click Dec 9 and go to page 2. It is there....the last notation.

http://otce.finra.org/DLDeletions

[Paullee]

nothing saying Life partners there

[Renee]

LPHIQ BK PLAN effective. All shares cancelled:

http://otce.finra.org/DLDeletions

[Renee]

LPHI changed to LPHIQ, bankruptcy. Delisted from the Nasdaq to OTC:

http://otce.finra.org/DailyList

[OlinSain]

it looks like LPHI is starting to build some cash.

[Tdash]

Wonder whats causing this rise

[richrichrich]

Golly.....What a POS....
Do I gamble, that they still continue to trade, as a (POS) OTC listed stock?....Or, do they just collapse, and call it quits, under chapter 11?.....
What a piece of shite.....
Swines.....

[GMONEY4]

Delisted Thursday, Jan. 29th.

11:41a ET January 26, 2015 (Business Wire)
Life Partners Holdings, Inc. (Nasdaq GS: LPHI) announced today that on January 20, 2014, the Company received a letter from the staff of NASDAQ advising that, because the Company filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Company's securities will be delisted from the NASDAQ Stock Market pursuant to the discretionary authority of NASDAQ under Listing Rules 5101 and 5110(b) and IM-5101-1. The letter further provided that the Company may request a hearing to appeal the Staff's determination and that such hearing request will stay the suspension of Company's securities pending a decision on the appeal. In addition, quotation information for the Company's common stock will include an indicator of the Company's non-compliance, and the Company will continue to be included in a list of non-compliant companies on the NASDAQ website.

Unless the Company requests an appeal of this determination, trading of the Company's common stock will be suspended at the opening of business on January 29, 2015. The Company intends to request a hearing to appeal the delisting determination and address the concerns of NASDAQ arising out of the Company's filing for Chapter 11 protection. No assurance can be given that the appeal will be successful. If the appeal is not successful, the Company's securities may be immediately eligible to be quoted on the OTC Bulletin Board (the "OTCBB") or the Pink Sheets if a market maker makes application to register in and quote such securities in accordance with SEC Rule 15c2-11 (a "Form 211") and the application is cleared. Only a market maker, not the Company, may file a Form 211.

[Tdash]

Well gain is gain.

[richrichrich]

Perhaps. That is, if your chart is a magic chart, and ignores all reality....

[Tdash]

Chart says 70's-80's

[Tdash]

Interesting I wonder where this will recover too

[hondaboost]

LPHI, filed Bankruptcy and SEC charging:

The SEC sued the company and its managers. A federal judge in Austin in early December entered a judgment against the company for $15 million in disgorgement and $23.7 million as a civil penalty.

[willlbone]

Bankrupt 1:45 pm.

[fraudduedilgence]

SEC filed motion for receivership and a monitor in Federal Court on Jan 5th, yesterday. Used quotes of Pardo to journalists as well as excerpts from his book "Junk Yard Dog".
This is it, no more, it ends, they have finally been crushed. This will go down as a multi-billion dollar fraud and a big hole in some people's retirement accounts.
Technical trading doesn't capture this underlying toxic dealings does it?

[willlbone]

Here comes the judge.

[fraudduedilgence]

Why the long face? This implosion was a decade in the making and you were subjected to every game in the book.
They had no exit plan apart from miraculously selling themselves to Wall Street, unfortunately LPHI had no IP and their processes were dysfunctional.
Do they make it to year's end? Declare one more dividend to empty the cupboard?
That dividend yield is headed for 100% nice job.

[oldschol]

Any news on these guys? Just been floating around for a while.

[TechKim]

They should double pay the affected shareholders as a penalty at the highest price the stock traded for.


Better off, round it off! $100 a share.

[TechKim]

Exciting the SEC or should I say using the SEC to distress the share price, all the real while those someone(s) were shorting. I could go along with that, but I really do not know. My opinion is rather numb and nimble.

[TechKim]

I could agree with you totally in your view point. I truly do not know enough.

[madeindet]

So what hedge fund Shorting the stock solicited the SEC to initiate this investigation? What is the connection of hedge funds that shorted this and sec employees who initiated this investigation?

Did the tipster to the SEC disclose their short position?

[madeindet]

Life Partners Sues Charles Schwab Subsidiary for Counterfeiting
Print
Alert
Life Partners Holdings (MM) (NASDAQ:LPHI)
Intraday Stock Chart
Today : Wednesday 16 April 2014


Life Partners Holdings, Inc. (Nasdaq GS: LPHI) announced today that it has filed suit against optionsXpress, Inc., a subsidiary of The Charles Schwab Corporation (NYSE: SCHW), the company’s Chief Financial Officer, and one of the company’s largest customers for issuing and selling counterfeit shares of Life Partners Holdings stock.

The lawsuit, filed in Illinois by California attorney Gary Aguirre, whose practice focuses on market manipulation, asks the Court for an order preventing the Schwab subsidiary from creating and selling shares of Life Partners Holdings’ stock which were not authorized by the company. The action also asks the Court for protection from securities fraud, deceptive business practices and civil conspiracy arising from the unlawful issuance of the counterfeit shares.

Under the law of Illinois, Texas, and every other state, a company has the exclusive right to issue and sell its own stock. The creation and sale of counterfeit or “phantom” stock by brokers and their customers violates these laws.

The lawsuit is based on findings in an administrative proceeding by the U.S. Securities and Exchange Commission against optionsXpress and the other defendants which concluded that optionsXpress, its chief financial officer, and one of its biggest customers committed securities fraud by engaging in the sales of hundreds of millions of dollars in counterfeit-phantom stock passed off as the genuine stock of 25 public companies, including almost $5.5 million of counterfeit-phantom stock of Life Partners Holdings, Inc.

Life Partners Holdings CEO Brian Pardo commented, “This case isn’t about money. It’s about confidence in the market. It’s about making sure that, in the future, shareholders can be sure that they are purchasing legitimate, authorized stock. Individual investors need to know that the stock they are buying is real and not phantom stock cooked up by Wall Street insiders. Without a stock certificate, we’ve seen how easy it is for Wall Street to pass off counterfeit stock in your account as legitimate and we want to put a stop to it.”

The company is continuing to investigate other persons and entities who may have engaged in counterfeiting shares of Life Partners Holdings, Inc.

The lawsuit is entitled Life Partners Holdings, Inc. et al. v. optionsXpress, Inc., Jonathan I. Feldman and Thomas E. Stern, Case No. 14CH6428, Circuit Court of Cook County, Illinois, County Department, Chancery Division. A complete copy of the complaint is available at: http://www.lphi.com/doc/Release_20140415.pdf

The SEC decision, In the Matter of optionsXpress, Inc., et al. is available on the SEC website at http://www.sec.gov/alj/aljdec/2013/id490bpm.pdf.

[diannedawn]

Actually, that's only partly true...
check out PACER for details on that.

But they were, for the most part, cleared.

I don't have enough time to post the stuff from PACER.
I will try to get some of the interesting stuff up on scribd
next week....

ANYONE can view info on PACER...
and if you keep your page views down to less than $15.00/quarter, it's FREE!!!

:)

[TechKim]

Life Partners Cleared of All Fraud Claims

http://finance.yahoo.com/news/life-partners-cleared-fraud-claims-150500394.html

[diannedawn]

It sure feels good to be right :)
"Life Partners Prevails in SEC Lawsuit

Life Partners’ CEO, Brian Pardo, said “We are extremely pleased that the jury has exonerated our company, our business practices and the life settlement asset class itself. As we demonstrated to the jury, life settlements as transacted through Life Partners provide a valuable service to senior Americans who want to sell their unwanted life insurance policies and are a tremendous alternative asset class for accredited investors seeking to avoid the volatility of the stock market. We provide a win-win transaction for everyone involved and, when put to the test, the jury could see the SEC’s allegations were not true.”


Now let's get this puppy moving!

The SH shorts will of course try to bring this down
but I'm thinking this will move back to $4...
We just need them to start getting business back on track.

At least their legal fees will drop this year!

GO LPHI!!!

(I feel kind of bad that I missed the big news after waiting so long for it...LOL!)

[diannedawn]

"The SEC suit is scheduled for jury trial beginning January 27, 2014. The SEC is asking the court to enjoin us, Brian Pardo, Scott Peden and David Martin from future violations of the Federal securities laws, to order the disgorgement of any ill-gotten gains, to pay civil penalties, to prohibit the individual defendants from acting as an officer or director of any publicly held company, and ordering Pardo and Martin to reimburse us for compensation bonuses based on the allegedly misstated financial statements. If the jury were to find against us or the individual defendants and the court were to order some or all of the relief sought, the court’s order would have a materially adverse effect on our ability to operate, especially if Pardo, Peden or both were ordered to resign as officers and directors. Even if Pardo and Peden were allowed to remain and any disgorgement or civil penalties were not substantial, a jury’s finding of violations would damage our goodwill, which is important to our success.

It is possible that the jury could find in our favor and determine that no violations occurred, yet if the court’s preliminary ruling that our life settlement transactions are sales of securities stands, the ruling would be disruptive and would require significant changes to our business model. The changes would likely include a switch from the sale of fractional interests in life insurance policies to the sale of interests in special purpose entities that hold the policies, an expansion in the scope of transaction disclosures and in the means of delivering the disclosures, the use of a FINRA-registered broker/dealer to supervise the private placement of the settlement interests, and the registration of our licensees as agents of the broker/dealer. We cannot give any assurance that the market will accept these changes in our business model."

Mr. Market seems to be worried that they might actually win
:)

When I have time, I will check PACER again, but I expect we will get and 8K announcing the verdict as soon as it would show up there.

I've hardly had time to check in here or even watch my stocks
as we have a family member in the hospital.

It's funny to me that the SEC has wasted so much time on THIS
when there is so much more BLANTANT FRAUD going on!

Oh well...GOOD LUCK LPHI!!!

[Guitarmanlife]

I've been outta LPHI and was looking to get back in at $1 but i didn't see it get that low, but looks like it will hit $3 agian, but which way from their i dunno. 2.30 and below looks like a good avg down point for ya though if it hits it agian.

[richrichrich]

Jeez....How wrong can the latest news be?....

12:00 PM EST, 12/17/2013 (MT Newswires) -- Shares of Life Partners Holdings Inc. (LPHI

Loading...


) sank Tuesday to a fresh 52-week low, after the specialty financial-services company and parent company of Life Partners Inc. maintained its quarterly dividend rate at $0.05 per share, disappointing investors who had been hoping for an increase in the payment.

The latest dividend is to be paid on or about Jan. 3 to shareholders of record as of Dec. 30. While the per-share rate is the same as in the prior two quarters, it is half of what the company had paid in March and each of the quarters of 2012. Investors appeared to have hoped the rate would come back up in 2014.

Shares were down 7.2% at $1.55 recently near midday Tuesday, after hitting a new 52-week low of $1.52, its lowest level since September 2012.

What's to say? Today was a good example, of what's to come....

[diannedawn]

I've been gambling on them winning in their dispute with the SEC.
Charges filed years ago...
I think jury selection begins in January.

I'll check the docket again in January to see what's happening.

I'm betting they'll prevail;
but so far I'm down.
(I guess I should have sold while I was UP...but hindsight's 20/20, and I don't claim to own a crystal ball!)

I knew this was a gamble going in...
Win big
or lose what I put in...

I can deal with that.

Still collecting a nice divvy...even if it's less now.

They've come through a lot of other legal BS...
I hope they can put the SEC mess to rest this year too.

[diannedawn]

Geez...the persistent sell off here
keeps making me look to see if there are form 4's being filed
but there aren't any.

WTF?

The 8k today was announcing the divvy @ 5¢...
it's been 5¢ since June, so big deal.

Oh well...I'm in until the court battle is decided.
Win or lose.
It's a 50/50 gamble
:)

[diannedawn]

Here is the last months from the docket...
11/05/2013 146 Opposed MOTION for Leave to File Plaintiff's Limited Surreply In Opposition to Defendants' Motion to Exclude Larry Rubin by Securities and Exchange Commission. (Attachments: # 1 Attachment 1, # 2 Exhibit A, # 3 Exhibit B)(Magee, Jessica) (Entered: 11/05/2013)
11/05/2013 147 DEFICIENCY NOTICE: re 146 Opposed MOTION for Leave to File Plaintiff's Limited Surreply In Opposition to Defendants' Motion to Exclude Larry Rubin. (jk) (Entered: 11/05/2013)
11/05/2013 148 ATTACHMENT Proposed Order Granting Motion for Leave to 146 Opposed MOTION for Leave to File Plaintiff's Limited Surreply In Opposition to Defendants' Motion to Exclude Larry Rubin by Securities and Exchange Commission. (Magee, Jessica) (Entered: 11/05/2013)
11/05/2013 149 ORDER DENYING Defendant's 106 Motion to exclude Dr. Lehn's testimony. Signed by Judge James R. Nowlin. (klw) (Entered: 11/06/2013)
11/08/2013 150 ORDER DENYING 99 Motion to Exclude Plaintiff's Expert Lawrence F. Ranallo. Signed by Judge James R. Nowlin. (kkc) (Entered: 11/08/2013)
11/12/2013 151 Response in Opposition to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 146 Opposed MOTION for Leave to File Plaintiff's Limited Surreply In Opposition to Defendants' Motion to Exclude Larry Rubin filed by Plaintiff Securities and Exchange Commission (Yingling, Elizabeth) (Entered: 11/12/2013)
11/13/2013 152 REPLY to Response to Motion, filed by Securities and Exchange Commission, re 146 Opposed MOTION for Leave to File Plaintiff's Limited Surreply In Opposition to Defendants' Motion to Exclude Larry Rubin filed by Plaintiff Securities and Exchange Commission Plaintiff's Reply to Response to Motion for Leave to File Limited Surreply (Magee, Jessica) (Entered: 11/13/2013)
11/13/2013 153 Unopposed MOTION to Substitute Attorney Plaintiff's Unopposed Motion to Withdraw and Substitute Counsel by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Fraser, B.) (Entered: 11/13/2013)
11/14/2013 Text Order MOOTING 146 Motion for Leave to File entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 11/14/2013)
11/14/2013 154 ORDER GRANTING 153 Motion to Substitute Attorney B. David Fraser in place of Bret Helmer. Signed by Judge James R. Nowlin. (klw) (Entered: 11/14/2013)
11/14/2013 155 ORDER DENYING Defendant's 129 Motion to Strike the Statement of Facts. Signed by Judge James R. Nowlin. (klw) (Entered: 11/14/2013)
11/19/2013 156 ORDER DENYING Defendants' 110 Motion for Summary Judgment. Signed by Judge James R. Nowlin. (klw) (Entered: 11/20/2013)
11/19/2013 157 ORDER DENYING Defendant's 109 Motion for Partial Summary Judgment. Signed by Judge James R. Nowlin. (klw) (Entered: 11/20/2013)
11/21/2013 158 MOTION for Reconsideration re 156 Order on Motion for Partial Summary Judgment by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 11/21/2013)
11/22/2013 159 Unopposed MOTION for Settlement Plaintiff's Second Unopposed Motion to Clarify Settlement Authority at Mediation and Final Pretrial Conference by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Magee, Jessica) (Entered: 11/22/2013)
11/22/2013 Text Order GRANTING 159 Motion for Settlement entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 11/22/2013)
11/28/2013 160 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 158 MOTION for Reconsideration re 156 Order on Motion for Partial Summary Judgment filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Attachments: # 1 Proposed Order Proposed Order, # 2 Exhibit Exhibit A, # 3 Exhibit Exhibit B, # 4 Exhibit Exhibit C)(Gulde, Matthew) (Entered: 11/28/2013)
12/03/2013 161 REPLY to Response to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 158 MOTION for Reconsideration re 156 Order on Motion for Partial Summary Judgment filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Yingling, Elizabeth) (Entered: 12/03/2013)
12/03/2013 162 ORDER DENYING Defendant's 158 Motion for Reconsideration. Signed by Judge James R. Nowlin. (klw) (Entered: 12/03/2013)
12/03/2013 163 ORDER DENYING Plaintiff's 113 Motion for Summary Judgment. Signed by Judge James R. Nowlin. (klw) (Entered: 12/03/2013)
12/09/2013 164 Witness List by Securities and Exchange Commission. (Magee, Jessica) (Entered: 12/09/2013)
12/09/2013 165 Deposition Designations by Securities and Exchange Commission. (Magee, Jessica) Modified on 12/10/2013 to correct text (klw). (Entered: 12/09/2013)
12/09/2013 166 Exhibit List Plaintiff's List of Potential Exhibits by Securities and Exchange Commission.. (Magee, Jessica) (Entered: 12/09/2013)

[diannedawn]

Another lawsuit out of the way...

What's most important though (in my opinion)
is this:
A key allegation was that Life Partners’ medical consultant used an unreasonable method of estimating life expectancies. However, this allegation was criticized by the Court as part of its 34 page order denying certification as a class action:

“Proof only of results does not address these factors. Nor could an after-the-fact analysis of the insureds’ deaths, in the aggregate, establish that LPI was unreasonable in using Dr. Cassidy when and how it did. … The Court is highly skeptical that an analysis of results alone could lead a reasonable juror to determine that Dr. Cassidy’s methods were flawed.”


These are the same claims the SEC is pursuing...
let's hope they fail too.
:)

[oldschol]

Any news on this?

[fraudduedilgence]

10Q is atrocious. Looks like they are coming to grips with their certain demise. read the narrative on how much cash and working capital they have. If there is no favorable outcome with the SEC in Jan, they are done, cash all gone. They are running low on cash, but Pardo charges the co over 400k for use of the plane he bpught with the dividends and stock sales. That special Pardo touch, nice!

[diannedawn]

This is kind of funny :)
That case they WON back in June...
You're allowed to collect attorney fees etc. when you win, right?
The LOSERS are trying to get out of paying:

06/24/2013 75 ORDER Granting 68 Defendant's Motion for Summary Judgment. IT IS FURTHER ORDERED that Judgment is hereby entered in favor of Defendant Life Partners, Inc. and against Plaintiffs. Signed by Judge Philip M. Pro on 06/24/2013. (Copies have been distributed pursuant to the NEF - AC) (Entered: 06/24/2013)
06/24/2013 76 CLERK'S JUDGMENT in favor of Defendant Life Partners, Inc. and against Plaintiffs Haven Chiropractic 401K Profit Sharing, Whitney Ranch Life Capital, LLC, Alfred McDaniels, Andrea Macciola, Angela Austin, Arnold Rose, Beverly Rice, Brad Ziegler, Bruce Jackson, Bruce Miller, Carol Corbett, Cheryl McDaniels, Chuan Wen Yu, Cynthia T. Tschanz, David Silva, Domenica Macciola, Donald H. Yeaman, Donna Miller, Doris Paretsky, Doug Gougar, Edmund Schlegel, Frank Macciola, Frank Romans, Garth Sinfield, Gary S. Hall, Gerald Velasquez, Geri Gibbons, Gloria K. Yeaman, Jack Phillips, James R. Foster, Jami Miller, Jeanette Miller, Jeannie Merritt, Joann Sanders, John Krogh, Joseph A. Bertolino, Josephine Rivaldo, Juliana Burkle, Larry McMasters, Larry W. McKay, Leonard Cenatiempo, Linda L. Raymond, Lorraine Cenatiempo, Marilyn Gwinn, Marjorie Schlegel, Mark Veirs, Mark Zohovetz, Michael Vita, Michael D. Sexton, Neil Kirk, Noreen Tabb-Martin, Oran Bradford Hansen, Pamela Sprague, Pat Bertolino, Patricia Spoon, Paul Mitchell, Phillip Miller, Phillip Rivaldo, Phyllis Galella, Ralph A. Smith, Rebecca Rose, Richard Galella, Richard S. Teh, Robert Glover, Robert McMahon, Russell Tschanz, Sharon Tuss, Sheila C. Rapp, Stephanie Glover, Steven A. Treese, Tahna Hassing, Terry Jones, Terry Romans, Theresa Manzone, Theresa M. Smith, Thomas Gwinn, Tonya Russell, Velda Foreman, Wallis Keisler, Ward Gubler, and William B. Burch. Signed by Clerk of Court, Lance S. Wilson on 06/24/2013. (Copies have been distributed pursuant to the NEF - AC) (Entered: 06/24/2013)
07/09/2013 77 BILL OF COSTS filed by Defendant Life Partners Inc. Tax or object to Bill of Costs by 7/27/2013. (Attachments: # 1 Exhibit Bill of Costs)(Ales, Barney) Modified text to reflect correct filing party on 7/9/2013 (RFJ). (Entered: 07/09/2013)
07/09/2013 78 MOTION for Attorney Fees by Defendant Life Partners Holdings, Inc.. Responses due by 7/26/2013. (Attachments: # 1 Exhibit Policy Funding Agreement and Comprehensive Billing Statements)(Brinkman, Kelly) (Entered: 07/09/2013)
07/26/2013 79 OBJECTION to 77 Bill of Costs ; filed by Plaintiff Angela Austin. (Takos, Zachary) (Entered: 07/26/2013)
07/26/2013 80 RESPONSE to 78 MOTION for Attorney Fees , filed by Plaintiff Angela Austin. Replies due by 8/5/2013. (Takos, Zachary) (Entered: 07/26/2013)
08/01/2013 81 REPLY to Response to 78 MOTION for Attorney Fees filed by Defendant Life Partners, Inc.. (Attachments: # 1 Exhibit Exhibit A to Life Partners, Inc.'s Reply to Plaintiffs' Objection to Its Motion for Attorney Fees, # 2 Exhibit Exhibit B to Life Partners, Inc.'s Reply to Plaintiffs' Objection to Its Motion for Attorney Fees, # 3 Exhibit Exhibit C to Life Partners, Inc.'s Reply to Plaintiffs' Objection to Its Motion for Attorney Fees)(Brinkman, Kelly) (Entered: 08/01/2013)
08/01/2013 82 REPLY to 79 Objection to 77 Bill of Costs filed by Defendant Life Partners, Inc. (Brinkman, Kelly) (Entered: 08/01/2013)

LPHI is asking for approx. 87K...

[diannedawn]

Here is something...
ORDER GRANTING 115 Motion to Continue. Final Pretrial Conference is reset for 1/22/2014 02:30 PM before Judge James R. Nowlin. Jury Selection / Trial are reset for 1/27/2014 09:00 AM before Judge James R. Nowlin. Signed by Judge James R. Nowlin. (klw) (Entered: 10/01/2013)

Other than that, it's mostly a bunch of motions, replies, and responses TO replies by both sides.

This guy tried to get his case tried separately...he failed.

MOTION to Sever and Brief in Support by David M. Martin. (Attachments: # 1 Proposed Order)(Weiland, S.) (Entered: 06/28/2013)

Here is the whole docket list:
Date Filed # Docket Text
01/03/2012 1 COMPLAINT (Filing fee $ 350.), filed by Securities and Exchange Commission. (Attachments: # 1 Civil Cover Sheet)(Rodgers, Jason) (Entered: 01/03/2012)
01/03/2012 2 REQUEST FOR ISSUANCE OF SUMMONS by Securities and Exchange Commission. (Rodgers, Jason) (Entered: 01/03/2012)
01/03/2012 Case assigned to Judge Walter S. Smith. CM WILL NOW REFLECT THE JUDGE INITIALS AS PART OF THE CASE NUMBER. PLEASE APPEND THESE JUDGE INITIALS TO THE CASE NUMBER ON EACH DOCUMENT THAT YOU FILE IN THIS CASE. (tb, ) (Entered: 01/04/2012)
01/04/2012 3 Summons Issued as to All Defendants. (tb, ) (Entered: 01/04/2012)
01/04/2012 4 Certificate of Interested Parties by Securities and Exchange Commission. (Rodgers, Jason) (Entered: 01/04/2012)
01/11/2012 5 ORDER OF RECUSAL. Ordered that the Clerk of Court shall transfer this case to Senior U.S. District Judge James R. Nowlin of the Austin Division of the U.S. District Court for the Western District of Texas. Signed by Judge Walter S. Smith. (tb, ) (Entered: 01/11/2012)
01/11/2012 Case transferred in from Waco Division on 01/11/2012, Case Number 6:12-cv-2. Case assigned to Judge James R. Nowlin.(tdk, ) (Entered: 01/11/2012)
01/12/2012 6 WAIVER OF SERVICE Returned Executed by Securities and Exchange Commission as to David M. Martin. Waiver sent on 1/9/2012, answer due 3/9/2012. (Rodgers, Jason) (Entered: 01/12/2012)
01/12/2012 7 Letter to Michael David King, Toby Michael Galloway, & Jason C. Rodgers re: case assignment. (os, ) (Entered: 01/12/2012)
01/12/2012 8 WAIVER OF SERVICE Returned Executed by Securities and Exchange Commission as to Life Partners Holdings, Inc.. Waiver sent on 1/9/2012, answer due 3/9/2012. (Rodgers, Jason) (Entered: 01/12/2012)
01/12/2012 9 WAIVER OF SERVICE Returned Executed by Securities and Exchange Commission as to R. Scott Peden. Waiver sent on 1/9/2012, answer due 3/9/2012. (Rodgers, Jason) (Entered: 01/12/2012)
01/20/2012 10 WAIVER OF SERVICE Returned Executed by Securities and Exchange Commission as to Brian D. Pardo. Waiver sent on 1/9/2012, answer due 3/9/2012. (Rodgers, Jason) (Entered: 01/20/2012)
02/22/2012 11 Unopposed MOTION for Leave to Exceed Page Limitation by Life Partners Holdings, Inc., R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 02/22/2012)
02/24/2012 Text Order GRANTING 11 Motion for Leave to File 15 Excess Pages entered by Judge James R. Nowlin. Defendants' Motion to Dismiss and Brief in Support shall not exceed 25 pages; Plaintiff's Response to the Motion to Dismiss shall not exceed 25 pages; and Defendants'Reply in Support of the Motion to Dismiss shall not exceed 15 pages.(This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 02/24/2012)
02/29/2012 12 MOTION to Dismiss and Brief in Support by Life Partners Holdings, Inc., R. Scott Peden. (Attachments: # 1 Appendix, # 2 Exhibit, # 3 Exhibit, # 4 Exhibit, # 5 Exhibit, # 6 Exhibit, # 7 Exhibit, # 8 Exhibit, # 9 Exhibit, # 10 Exhibit, # 11 Exhibit, # 12 Exhibit, # 13 Exhibit, # 14 Exhibit)(Yingling, Elizabeth) (Entered: 02/29/2012)
03/01/2012 13 Unopposed MOTION for Extension of Time to File Response/Reply as to 12 MOTION to Dismiss and Brief in Support by Life Partners Holdings, Inc. and R. Scott Peden's Motion to Dismiss, and to Forthcoming Motions to Dismiss From Defendants' Brian D. Pardo and David M. Martin by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 03/01/2012)
03/01/2012 14 MOTION to Dismiss by Brian D. Pardo. (Attachments: # 1 Memo in Support, # 2 Proposed Order)(Benton, Jeffrey) (Entered: 03/01/2012)
03/02/2012 15 ORDER GRANTING 13 Motion for Extension of Time to File Response to 12 MOTION to Dismiss and Brief in Support by Life Partners Holdings, Inc., R. Scott Peden until 04/02/12. Signed by Judge James R. Nowlin. (klw, ) (Entered: 03/02/2012)
03/09/2012 16 MOTION to Dismiss and Brief in Support by David M. Martin. (Weiland, S.) (Entered: 03/09/2012)
03/12/2012 17 DEFICIENCY NOTICE to Cass S. Weiland: re 16 MOTION to Dismiss and Brief in Support. NOTE: Proposed Order Required. DO NOT RE-FILE the entire document. Please, file ONLY the Proposed Order. Use the "ATTACHMENT" event from the menu and LINK the Proposed Order to the Original Document. In the Docket Text, type "(Proposed Order)". (klw, ) (Entered: 03/12/2012)
03/12/2012 18 ATTACHMENT to 16 MOTION to Dismiss and Brief in Support by David M. Martin. (Weiland, S.) (Entered: 03/12/2012)
04/02/2012 19 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 14 MOTION to Dismiss filed by Defendant Brian D. Pardo (Attachments: # 1 Proposed Order)(Galloway, Toby) (Entered: 04/02/2012)
04/02/2012 20 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 14 MOTION to Dismiss filed by Defendant Brian D. Pardo Amended Response to Brian D. Pardo's Motion to Dismiss (Attachments: # 1 Proposed Order)(Galloway, Toby) (Entered: 04/02/2012)
04/02/2012 21 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 12 MOTION to Dismiss and Brief in Support filed by Defendant Life Partners Holdings, Inc., Defendant R. Scott Peden (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 04/02/2012)
04/10/2012 22 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 16 MOTION to Dismiss and Brief in Support filed by Defendant David M. Martin (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 04/10/2012)
04/19/2012 23 ORDER DENYING Life Parterners Holdings, Inc. and R. Scott Peden's 12 Motion to Dismiss; DENYING Brian D. Pardo's 14 Motion to Dismiss; DENYING David Martin's 16 Motion to Dismiss. Defendants shall file reponsive pleadings on or before 05/04/12. Proposed Scheduling Orders due by 06/04/12. Signed by Judge James R. Nowlin. (klw, ) (Entered: 04/20/2012)
05/04/2012 24 Original ANSWER to 1 Complaint by Brian D. Pardo.(Lewis, Jason) (Entered: 05/04/2012)
05/04/2012 25 ANSWER to 1 Complaint by David M. Martin.(Weiland, S.) (Entered: 05/04/2012)
05/04/2012 26 Original ANSWER to 1 Complaint by Life Partners Holdings, Inc., R. Scott Peden.(Yingling, Elizabeth) (Entered: 05/04/2012)
05/17/2012 27 DEMAND for Trial by Jury by Securities and Exchange Commission. (Rodgers, Jason) (Entered: 05/17/2012)
06/04/2012 28 Proposed Scheduling Order by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 06/04/2012)
06/28/2012 29 SCHEDULING ORDER: ADR Report Deadline due by 8/16/2012. Amended Pleadings due by 2/7/2013. Discovery due by 7/11/2013. Joinder of Parties due by 2/7/2013. Dispositive Motions due by 8/15/2013. Final pretrial conference, jury selection and trial are set for September, 2013. Signed by Judge James R. Nowlin. (klw, ) (Entered: 06/28/2012)
07/02/2012 30 MOTION for Sanctions and Brief in Support by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Appendix, # 2 Proposed Order)(Yingling, Elizabeth) (Entered: 07/02/2012)
07/09/2012 31 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 30 MOTION for Sanctions and Brief in Support filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 07/09/2012)
07/09/2012 32 APPENDIX to 31 Response in Opposition to Motion, by Securities and Exchange Commission. (Attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Exhibit C)(Rodgers, Jason) (Entered: 07/09/2012)
07/10/2012 33 APPENDIX to 32 Appendix, 31 Response in Opposition to Motion, by Securities and Exchange Commission Amended Appendix. (Attachments: # 1 Exhibit A, # 2 Exhibit 1, # 3 Exhibit B, # 4 Exhibit C)(Rodgers, Jason) (Entered: 07/10/2012)
07/11/2012 34 REPLY to Response to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 30 MOTION for Sanctions and Brief in Support filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Attachments: # 1 Appendix)(Yingling, Elizabeth) (Entered: 07/11/2012)
07/20/2012 35 ORDER for the Defendants to submit the Cangany transcript for the Court's in camera inspection on or before 07/24/12. Signed by Judge James R. Nowlin. (klw, ) (Entered: 07/20/2012)
07/20/2012 36 NOTICE OF SUBPOENA TO EIDE BAILLY by Life Partners Holdings, Inc., R. Scott Peden (Yingling, Elizabeth) (Entered: 07/20/2012)
07/20/2012 37 NOTICE OF SUBPOENA TO ERNST & YOUNG by Life Partners Holdings, Inc., R. Scott Peden (Yingling, Elizabeth) (Entered: 07/20/2012)
07/26/2012 38 MOTION For Leave To Make In Camera Submission of Supplemental Information In Support of Plaintiff's Response In Opposition of Defendants' Motion For Sanctions re 30 MOTION for Sanctions and Brief in Support, 35 Order, 31 Response in Opposition to Motion, by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 07/26/2012)
07/30/2012 39 RESPONSE to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 38 MOTION For Leave To Make In Camera Submission of Supplemental Information In Support of Plaintiff's Response In Opposition of Defendants' Motion For Sanctions re 30 MOTION for Sanctions and Brief in Support, 35 Order, 31 MOTION For Leave To Make In Camera Submission of Supplemental Information In Support of Plaintiff's Response In Opposition of Defendants' Motion For Sanctions re 30 MOTION for Sanctions and Brief in Support, 35 Order, 31 filed by Plaintiff Securities and Exchange Commission (Yingling, Elizabeth) (Entered: 07/30/2012)
07/31/2012 40 ORDER GRANTING 38 Motion to file the Proposed Submission in camera on or before 08/02/12. Signed by Judge James R. Nowlin. (klw, ) (Entered: 07/31/2012)
08/03/2012 41 MOTION for Protective Order and Brief in Support by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Appendix)(Yingling, Elizabeth) (Entered: 08/03/2012)
08/10/2012 42 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 41 MOTION for Protective Order and Brief in Support filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 08/10/2012)
08/10/2012 43 APPENDIX to 42 Response in Opposition to Motion, by Securities and Exchange Commission. (Attachments: # 1 Exhibit A, # 2 Exhibit A-1, # 3 Exhibit A-2)(Rodgers, Jason) (Entered: 08/10/2012)
08/16/2012 44 Unopposed MOTION to Withdraw and Substitute Counsel by Brian D. Pardo. (Attachments: # 1 Proposed Order)(Tyler, Adam) (Entered: 08/16/2012)
08/16/2012 45 ADR Report Filed - CONSENT to Alternate Dispute Resolution (ADR) by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, Securities and Exchange Commission (Attachments: # 1 Proposed Order, # 2 Proposed Order)(Rodgers, Jason) (Entered: 08/16/2012)
08/16/2012 46 RESPONSE in Support, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 41 MOTION for Protective Order and Brief in Support filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Weiland, S.) (Entered: 08/16/2012)
08/17/2012 47 ORDER GRANTING IN PART AND DENYING IN PART Defendants' 30 Motion for Sanctions. IT IS FURTHER ORDERED that Defendants' request for an order prohibiting Mr. Cangany's deposition testimony for any purpose in this litigation is hereby GRANTED. IT IS FURTHER ORDERED that Defendants' request for $5,000.00 in attorney's fees is hereby GRANTED. IT IS FINALLY ORDERED that Defendants' further requests for relief are hereby DENIED. Signed by Judge James R. Nowlin. (klw, ) (Entered: 08/17/2012)
08/28/2012 48 ORDER GRANTING Prado's 44 Motion to Withdraw as counsel. Jeffrey M. Benton is hereby withdrawn as counsel for Defendant Brian D. Pardo, and Adam Tyler is added as counsel. Signed by Judge James R. Nowlin. (klw, ) (Entered: 08/28/2012)
08/28/2012 49 MOTION for Reconsideration of Order Granting Sanctions, Request for Oral Hearing, and Brief in Support by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Galloway, Toby) (Entered: 08/28/2012)
08/28/2012 50 APPENDIX to 49 MOTION for Reconsideration of Order Granting Sanctions, Request for Oral Hearing, and Brief in Support by Securities and Exchange Commission. (Galloway, Toby) (Entered: 08/28/2012)
09/04/2012 51 Response in Opposition to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 49 MOTION for Reconsideration of Order Granting Sanctions, Request for Oral Hearing, and Brief in Support filed by Plaintiff Securities and Exchange Commission (Yingling, Elizabeth) (Entered: 09/04/2012)
09/05/2012 52 DEFICIENCY NOTICE: re 51 Response in Opposition to Motion. Pursuant to the Administrative Policies and Procedures, Proposed Orders are Required when a Response to a Motion is filed. DO NOT RE-FILE the entire document. Please, file ONLY the Proposed Order. Use the "ATTACHMENT" event from the menu and LINK the Proposed Order to your Response. In the Docket Text, type "(Proposed Order)". (klw, ) (Entered: 09/05/2012)
09/05/2012 53 ATTACHMENT PROPOSED ORDER to 51 Response in Opposition to Motion, by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Yingling, Elizabeth) (Entered: 09/05/2012)
09/07/2012 54 REPLY to Response to Motion, filed by Securities and Exchange Commission, re 49 MOTION for Reconsideration of Order Granting Sanctions, Request for Oral Hearing, and Brief in Support filed by Plaintiff Securities and Exchange Commission (Galloway, Toby) (Entered: 09/07/2012)
09/19/2012 55 CONFIDENTIALITY and PROTECTIVE ORDER. Signed by Judge James R. Nowlin. (klw, ) (Entered: 09/20/2012)
09/27/2012 56 ORDER DENYING 49 Motion for Reconsideration. Signed by Judge James R. Nowlin. (jk) (Entered: 09/27/2012)
11/16/2012 57 Unopposed MOTION to Withdraw as Attorney and Substitute Counsel by Brian D. Pardo. (Attachments: # 1 Proposed Order)(Tyler, Adam) (Entered: 11/16/2012)
11/28/2012 Text Order GRANTING 57 Motion to Withdraw as Attorney. entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 11/28/2012)
11/30/2012 58 Unopposed MOTION to Withdraw as Attorney Unopposed Motion to Withdraw Counsel as to Jason C. Rodgers by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Rodgers, Jason) (Entered: 11/30/2012)
12/10/2012 59 ORDER GRANTING 58 Motion for Jason C. Rodgers to Withdraw as Attorney for Plaintiff SEC. Signed by Judge James R. Nowlin. (klw) (Entered: 12/10/2012)
12/14/2012 60 ORDER setting Status Conference for 2/5/2013 02:00 PM before Judge James R. Nowlin. Signed by Judge James R. Nowlin. (klw) (Entered: 12/17/2012)
01/07/2013 61 NOTICE of Attorney Appearance by Jessica Bogan Magee on behalf of Securities and Exchange Commission (Magee, Jessica) (Entered: 01/07/2013)
01/07/2013 62 Unopposed MOTION for Settlement Plaintiff's Unopposed Motion to Clarify Settlement Authority at Pretrial Status Conference by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Galloway, Toby) (Entered: 01/07/2013)
01/09/2013 63 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to Sean T. Turnbow by Securities and Exchange Commission (Galloway, Toby) (Entered: 01/09/2013)
01/11/2013 64 ORDER GRANTING Plaintiff's 62 Unopposed Motion to Clarify Settlement Authority at Pretrial Conference set for 02/05/13. Signed by Judge James R. Nowlin. (klw) (Entered: 01/11/2013)
01/31/2013 65 Unopposed MOTION for Leave to File Amended Complaint and Brief In Support by Securities and Exchange Commission. (Attachments: # 1 Exhibit A, # 2 Proposed Order)(Galloway, Toby) (Entered: 01/31/2013)
02/01/2013 66 Joint MOTION to Extend Scheduling Order Deadlines by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 02/01/2013)
02/05/2013 Text Order GRANTING 65 Motion for Leave to File entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 02/05/2013)
02/05/2013 Text Order GRANTING 66 Motion to Extend Scheduling Order Deadlines entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 02/05/2013)
02/05/2013 67 FIRST AMENDED COMPLAINT against Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden amending 1 Complaint, filed by Securities and Exchange Commission.(klw) (Entered: 02/05/2013)
02/05/2013 68 Minute Entry for proceedings held before Judge James R. Nowlin: Status Conference held on 2/5/2013. Schedule announced. Parties to mediate. (Minute entry documents are not available electronically.). (Court Reporter Lily Reznik.)(klw) (Entered: 02/06/2013)
02/08/2013 69 ANSWER to 67 Amended Complaint by Life Partners Holdings, Inc., R. Scott Peden.(Yingling, Elizabeth) (Entered: 02/08/2013)
02/11/2013 70 ANSWER to 67 Amended Complaint by David M. Martin.(Weiland, S.) (Entered: 02/11/2013)
02/12/2013 71 ANSWER to 67 Amended Complaint by Brian D. Pardo.(Ryan, Rory) (Entered: 02/12/2013)
02/21/2013 72 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to 21st Services Underwriting by Securities and Exchange Commission (Magee, Jessica) (Entered: 02/21/2013)
03/21/2013 73 Unopposed MOTION to Amend/Correct David Martin's Response to Plaintiff's Request for Admission #27 by David M. Martin. (Attachments: # 1 Proposed Order)(Weiland, S.) (Entered: 03/21/2013)
03/22/2013 Text Order GRANTING 73 Motion to Amend/Correct entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 03/22/2013)
04/26/2013 74 Unopposed MOTION to Withdraw as Attorney and Removal from Service List of Michael D. King by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Galloway, Toby) (Entered: 04/26/2013)
04/29/2013 Text Order GRANTING 74 Motion to Withdraw as Attorney. entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 04/29/2013)
05/06/2013 75 Unopposed MOTION to Substitute Attorney by Brian D. Pardo. (Attachments: # 1 Proposed Order)(Ethington, Jay) (Entered: 05/06/2013)
05/06/2013 Text Order GRANTING 75 Motion to Substitute Attorney. entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 05/06/2013)
05/09/2013 76 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to Dr. Donald Cassidy by Securities and Exchange Commission (Magee, Jessica) (Entered: 05/09/2013)
05/10/2013 77 DESIGNATION OF EXPERT WITNESSES by Securities and Exchange Commission. (Magee, Jessica) (Entered: 05/10/2013)
05/17/2013 78 NOTICE of Attorney Appearance by Bret E. Helmer on behalf of Securities and Exchange Commission (Helmer, Bret) (Entered: 05/17/2013)
05/17/2013 79 Unopposed MOTION to Continue Plaintiff's Unopposed Motion For Continuance of Trial Setting and Brief in Support by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Magee, Jessica) (Entered: 05/17/2013)
05/17/2013 80 Unopposed MOTION for Toby M. Galloway to Withdraw as Attorney Unopposed Motion to Withdraw Counsel and Removal From Service List by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Galloway, Toby) Modified on 5/17/2013 to add atty name (klw). (Entered: 05/17/2013)
05/17/2013 81 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to Abundant Income LLC by Securities and Exchange Commission (Magee, Jessica) (Entered: 05/17/2013)
05/17/2013 82 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to American Safe Retirements by Securities and Exchange Commission (Magee, Jessica) (Entered: 05/17/2013)
05/17/2013 83 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to BG&S Management Consulting by Securities and Exchange Commission (Magee, Jessica) (Entered: 05/17/2013)
05/21/2013 84 NOTICE Plaintiff Securities and Exchange Commission's Notice of Subpoena to Vida Capital, Inc. by Securities and Exchange Commission (Magee, Jessica) (Entered: 05/21/2013)
05/21/2013 85 ORDER GRANTING 80 Motion by Toby M. Galloway to Withdraw as Attorney for the Plaintiff. Signed by Judge James R. Nowlin. (klw) (Entered: 05/21/2013)
05/21/2013 86 ORDER GRANTING 79 Motion to Continue. The trial setting in this case is continued from September, 2013 to December, 2013. Signed by Judge James R. Nowlin. (klw) (Entered: 05/21/2013)
06/03/2013 87 NOTICE of Attorney Appearance by Matthew J. Gulde on behalf of Securities and Exchange Commission (Gulde, Matthew) (Entered: 06/03/2013)
06/04/2013 88 Unopposed MOTION to Extend Scheduling Order Deadlines by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 06/04/2013)
06/05/2013 89 ORDER GRANTING 88 Motion to Extend Scheduling Order Deadlines; Discovery due by 8/23/2013, Motions due by 9/23/2013. Signed by Judge James R. Nowlin. (jk) (Entered: 06/05/2013)
06/28/2013 90 MOTION to Sever and Brief in Support by David M. Martin. (Attachments: # 1 Proposed Order)(Weiland, S.) (Entered: 06/28/2013)
07/03/2013 91 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 90 MOTION to Sever and Brief in Support filed by Defendant David M. Martin (Attachments: # 1 Exhibit A, # 2 Proposed Order)(Magee, Jessica) (Entered: 07/03/2013)
07/10/2013 92 REPLY to Response to Motion, filed by David M. Martin, re 90 MOTION to Sever and Brief in Support filed by Defendant David M. Martin (Attachments: # 1 Exhibit Declaration)(Weiland, S.) (Entered: 07/10/2013)
07/16/2013 93 DESIGNATION OF EXPERT WITNESSES by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Yingling, Elizabeth) (Entered: 07/16/2013)
07/30/2013 94 ORDER DENYING Defendant David Martin's 90 Motion to Sever. Signed by Judge James R. Nowlin. (klw) (Entered: 07/30/2013)
09/09/2013 95 MOTION for Leave to Exceed Page Limitation by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 09/09/2013)
09/09/2013 Text Order GRANTING 95 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 09/09/2013)
09/10/2013 96 Opposed MOTION for Leave to Exceed Page Limitation Plaintiff's Opposed Motion for Leave to Exceed Page Limitations under Local Rule CV-7 by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Gulde, Matthew) (Entered: 09/10/2013)
09/10/2013 97 Opposed MOTION to Exclude Plaintiff Securities and Exchange Commission's Motion to Exclude the Expert Testimony and Report of Jim Johnson and Brief in Support by Securities and Exchange Commission. (Attachments: # 1 Exhibit 1, # 2 Exhibit 2, # 3 Exhibit 3, # 4 Exhibit 4, # 5 Exhibit 5, # 6 Proposed Order)(Gulde, Matthew) (Entered: 09/10/2013)
09/11/2013 98 Unopposed Motion for leave to File Sealed Document (Attachments: # 1 Sealed Document) (Yingling, Elizabeth) (Entered: 09/11/2013)
09/11/2013 99 MOTION to Exclude Plaintiff's Expert Lawrence F. Ranallo by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Appendix)(Yingling, Elizabeth) (Additional attachment(s) added on 9/12/2013: # 2 SEALED Supplemental Appendix) (jk). (Entered: 09/11/2013)
09/12/2013 Text Order GRANTING 98 Motion for Leave to File Sealed Document entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 09/12/2013)
09/12/2013 Text Order GRANTING 96 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cn) (Entered: 09/12/2013)
09/12/2013 100 PRE-TRIAL ORDER setting filing deadlines. ORDER setting Fianl Pretrial Conference for 11/27/2013 02:30 PM before Judge James R. Nowlin. Jury Selection / Trial set for 12/2/2013 09:00 AM before Judge James R. Nowlin. Signed by Judge James R. Nowlin. (klw) (Entered: 09/13/2013)
09/17/2013 101 Unopposed MOTION for Leave to Exceed Page Limitation Pertaining to Motion to Exclude Plaintiff's Expert Larry Rubin by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 09/17/2013)
09/17/2013 102 Unopposed MOTION for Leave to Exceed Page Limitation Pertaining to Defendants' Response in Opposition to Plaintiff's Motion to Exclude Expert Testimony of Jim Johnson by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 09/17/2013)
09/18/2013 Text Order GRANTING 101 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 09/18/2013)
09/18/2013 103 Response in Opposition to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 97 Opposed MOTION to Exclude Plaintiff Securities and Exchange Commission's Motion to Exclude the Expert Testimony and Report of Jim Johnson and Brief in Support filed by Plaintiff Securities and Exchange Commission (Attachments: # 1 Appendix, # 2 Proposed Order)(Yingling, Elizabeth) (Entered: 09/18/2013)
09/18/2013 104 APPENDIX to 103 Response in Opposition to Motion, by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Yingling, Elizabeth) (Entered: 09/18/2013)
09/18/2013 105 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 99 MOTION to Exclude Plaintiff's Expert Lawrence F. Ranallo filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin Plaintiff Securities and Exchange Commission's Response to Defendants' Motion to Partially Exclude Plaintiff's Expert Lawrence F. Ranallo (Attachments: # 1 Exhibit 1, # 2 Exhibit 2)(Gulde, Matthew) (Entered: 09/18/2013)
09/18/2013 Text Order GRANTING 102 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 09/18/2013)
09/19/2013 106 MOTION to Exclude Plaintiff's Expert Larry Rubin (Under Daubert v. Merrell Dow Pharmaceuticals, Inc.) by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Appendix, # 2 Proposed Order)(Yingling, Elizabeth) (Entered: 09/19/2013)
09/20/2013 107 MOTION to Exclude Plaintiff's Expert Kenneth M. Lehn by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Appendix, # 2 Proposed Order)(Yingling, Elizabeth) (Entered: 09/20/2013)
09/23/2013 108 Unopposed MOTION for Leave to Exceed Page Limitation Pertaining to Defendants' Motion for Partial Summary Judgment by Life Partners Holdings, Inc., R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 09/23/2013)
09/23/2013 109 MOTION for Partial Summary Judgment and Brief in Support by David M. Martin, Brian D. Pardo. (Attachments: # 1 Proposed Order)(Weiland, S.) (Entered: 09/23/2013)
09/23/2013 110 MOTION for Partial Summary Judgment and Brief in Support by Life Partners Holdings, Inc., R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) Modified on 9/24/2013 to change event/text (klw). (Entered: 09/23/2013)
09/23/2013 111 APPENDIX to 110 MOTION for Partial Summary Judgment and Brief in Support by Life Partners Holdings, Inc., R. Scott Peden. (Yingling, Elizabeth) Modified on 9/24/2013 to add text (klw). (Entered: 09/23/2013)
09/23/2013 112 Unopposed MOTION for Leave to Exceed Page Limitation Plaintiff's Unopposed Motion for Leave to Exceed Page Limitations Under Local Rule CV-7 by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Gulde, Matthew) (Entered: 09/23/2013)
09/23/2013 113 MOTION for Summary Judgment Plaintiff Securities and Exchange Commission's Motion for Summary Judgment and Brief in Support by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Gulde, Matthew) (Entered: 09/24/2013)
09/24/2013 114 APPENDIX to 113 MOTION for Summary Judgment Plaintiff Securities and Exchange Commission's Motion for Summary Judgment and Brief in Support by Securities and Exchange Commission. (Attachments: # 1 Exhibit Part 1 of 12, # 2 Exhibit Part 2 of 12, # 3 Exhibit Part 3 of 12, # 4 Exhibit Part 4 of 12, # 5 Exhibit Part 5 of 12, # 6 Exhibit Part 6 of 12, # 7 Exhibit Part 7 of 12, # 8 Exhibit Part 8 of 12, # 9 Exhibit Part 9 of 12, # 10 Exhibit Part 10 of 12, # 11 Exhibit Part 11 of 12, # 12 Exhibit Part 12 of 12)(Gulde, Matthew) (Entered: 09/24/2013)
09/25/2013 115 Unopposed MOTION to Continue Trial Setting by David M. Martin. (Attachments: # 1 Proposed Order)(Weiland, S.) (Entered: 09/25/2013)
09/25/2013 116 REPLY to Response to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 99 MOTION to Exclude Plaintiff's Expert Lawrence F. Ranallo filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 09/25/2013)
09/25/2013 117 REPLY to Response to Motion, filed by Securities and Exchange Commission, re 97 Opposed MOTION to Exclude Plaintiff Securities and Exchange Commission's Motion to Exclude the Expert Testimony and Report of Jim Johnson and Brief in Support filed by Plaintiff Securities and Exchange Commission (Gulde, Matthew) (Entered: 09/25/2013)
09/26/2013 118 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 106 MOTION to Exclude Plaintiff's Expert Larry Rubin (Under Daubert v. Merrell Dow Pharmaceuticals, Inc.) filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin Plaintiff's Response to Defendants' Motion to Exclude Plaintiff's Expert Larry Rubin (Attachments: # 1 Proposed Order)(Gulde, Matthew) (Entered: 09/26/2013)
09/26/2013 119 APPENDIX to 118 Response in Opposition to Motion, by Securities and Exchange Commission. (Attachments: # 1 Appendix)(Gulde, Matthew) (Entered: 09/26/2013)
09/27/2013 120 Unopposed MOTION for Leave to Exceed Page Limitation of Response to Defendants' Motion to Exclude Plaintiff's Expert Kenneth M. Lehn by Securities and Exchange Commission. (Attachments: # 1 Proposed Order)(Gulde, Matthew) (Entered: 09/27/2013)
09/27/2013 121 Response in Opposition to Motion, filed by Securities and Exchange Commission, re 107 MOTION to Exclude Plaintiff's Expert Kenneth M. Lehn filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin Plaintiff's Response in Opposition to Defendants' Motion to Exclude Plaintiff's Expert Kenneth M. Lehn (Attachments: # 1 Proposed Order)(Gulde, Matthew) (Entered: 09/27/2013)
09/27/2013 122 APPENDIX to 121 Response in Opposition to Motion, by Securities and Exchange Commission. (Attachments: # 1 Appendix)(Gulde, Matthew) (Entered: 09/27/2013)
09/30/2013 Text Order GRANTING 112 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 09/30/2013)
09/30/2013 123 ORDER GRANTING 115 Motion to Continue. Final Pretrial Conference is reset for 1/22/2014 02:30 PM before Judge James R. Nowlin. Jury Selection / Trial are reset for 1/27/2014 09:00 AM before Judge James R. Nowlin. Signed by Judge James R. Nowlin. (klw) (Entered: 10/01/2013)
10/03/2013 124 Unopposed MOTION for Leave to Exceed Page Limitation Pertaining to Reply in Support of their Motion to Exclude Plaintiff's Expert Larry Rubin by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden. (Attachments: # 1 Proposed Order)(Yingling, Elizabeth) (Entered: 10/03/2013)
10/03/2013 125 REPLY to Response to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 106 MOTION to Exclude Plaintiff's Expert Larry Rubin (Under Daubert v. Merrell Dow Pharmaceuticals, Inc.) filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Attachments: # 1 Appendix)(Yingling, Elizabeth) (Entered: 10/03/2013)
10/04/2013 Text Order GRANTING 108 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 10/04/2013)
10/04/2013 Text Order GRANTING 120 Motion for Leave to File Excess Pages entered by Judge James R. Nowlin. (This is a text-only entry generated by the court. There is no document associated with this entry.) (jg) (Entered: 10/04/2013)
10/04/2013 126 REPLY to Response to Motion, filed by Life Partners Holdings, Inc., David M. Martin, Brian D. Pardo, R. Scott Peden, re 107 MOTION to Exclude Plaintiff's Expert Kenneth M. Lehn filed by Defendant Life Partners Holdings, Inc., Defendant Brian D. Pardo, Defendant R. Scott Peden, Defendant David M. Martin (Yingling, Elizabeth) (Entered: 10/04/2013)

[diannedawn]

Never a bad thing to take profits off the table...
I'll wait and see how everything shakes out

:)

I think I'll check PACER today...
see if I can find anything new.

GLTA

[Guitarmanlife]

i'm just glad i got out at $3.80

[fraudduedilgence]

Appellate Court in Tx ruled that LPI life settlements are a security.
Good Night Moon!
This the end my friend.
The fat lady is singing.
Last person please turn out the lights.

Will there be another dividend? Not a chance in hell.

[TechKim]

"When does it all end?"


When someone's eyes close.

[fraudduedilgence]

10Q not looking too good.
Major loss on operations and it looks like they have little to no assets to sell now. Margins have dropped by a huge amount and they all got pay raises. Makes you wonder when the other shoe drops.
The dividend is becoming a double edged sword. They seem to spend so much time managing the stock price, and neglecting the company's business revenues. When does it all end?

[TechKim]

It just never seems to end.

[fraudduedilgence]

TEXAS AG coming again boys and girls.

Law360, Dallas (July 09, 2013, 8:28 PM ET) -- Texas is appealing a state court's ruling that life settlement policies sold by Life Partners Inc. don't qualify as securities, saying in an opening brief that the ruling was based on a federal doctrine that has since been widely criticized and should not apply.

The state argued in a July 3 brief that the Texas Securities Act can be read to recognize life settlements — which give investors an interest in the future proceeds of a third party's life insurance policy — as investment contracts, notes..

[TechKim]

A very strong win. Regardless, it is dynamic!

[johnsyn]

http://seekingalpha.com/news-article/6940292-life-partners-prevails-in-nevada-federal-court

[SevenTenEleven]

LPHI - Life Partners Holdings, Inc. CEO Files Whistleblower Complaint for Naked Short Selling and Market Manipulation

Press Release: Life Partners Holdings, Inc. – Wed, Jun 19, 2013 9:57 AM EDT


WACO, Texas--(BUSINESS WIRE)--

Brian Pardo, CEO of Life Partners Holdings, Inc. (“Life Partners”) (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that an independent investigation has uncovered substantial evidence of coordinated market manipulation and naked short selling of Life Partners’s stock in and around September 26, 2012. As a result of this investigation, he has filed a whistleblower complaint with the U.S. Securities and Exchange Commission against a number of persons and entities suspected of illegal short-selling activities. Pardo has filed the complaint on Life Partners’ behalf since SEC regulations require that only individual, natural persons can file such complaints.

The investigation was conducted by former SEC Senior Counsel and noted whistleblower, Gary Aguirre. Mr. Aguirre, who has testified before the Senate regarding how politically influential individuals and Wall Street firms taint the SEC’s enforcement decisions, has been an outspoken critic against abusive short selling and the lack of SEC enforcement against this illegal activity.

Naked short selling is the practice of short selling a company’s stock without first borrowing the security as required in a legitimate short sale. Because shares are not borrowed, naked short selling is similar to counterfeiting as it can make a company appear to have many more stockholders selling shares than are actually being sold. In 2008, the SEC banned “abusive naked short selling” as a method of driving down share prices. This abusive tactic is used, often in conjunction with the dissemination of negative rumors, to drive down a company’s stock price for the profit of the short sellers. It can also result in massive job losses, substantial financial losses to legitimate shareholders and ultimately the destruction of companies.

In his complaint, Pardo describes Life Partners as a microcap stock with 18.4 million issued shares. Pardo holds more of than half of these shares, which are unavailable for trading. Accordingly, Life Partners has less than 9.2 million shares available for trading and usually less than one million shares are available for borrowing. In the 12-month period before September 2012, Life Partners’s stock had an average daily trading volume of 112,000 shares.

The complaint demonstrates that market participants, identifiable through blue sheets, manipulated the price of Life Partners’ stock on September 26 and 27, 2012, through massive naked short selling in violation of the SEC’s Regulation SHO. A public announcement of highly favorable news after the market close on September 25, 2012 – Life Partners success in a legal action - generated strong upward pressure on the stock price when the market opened on September 26. Over the next two days, approximately 15.2 million shares traded. The upside pressure was resisted by aggressive short selling at the bid from the market’s opening on September 26 and continued unabated until a price reversal on September 27. Over these two days, at least 2.16 million shares were shorted at the bid, a type of trade that fits within no exception to the legal borrow requirements. Altogether, a staggering 6.96 million shares were sold short over the two days. At the time, there were at most 1 million shares available for borrowing and perhaps none. Major violations of Reg SHO were a virtual certainty.

The complaint further demonstrates other violations, such as the requirement that short sellers must deliver by the settlement date. If 6.96 million shares were properly borrowed, they would have resulted in an increase of shares on loan. But by October 3, 2012, the day after the settlement date for the trades on September 27, the shares on loan had only increased by 27,600 shares. If the shorts were not covered by the settlement date, they were naked and in violation of Reg SHO.

Under the whistleblower provisions of the Dodd-Frank law, a reward may be issued if the SEC is successful in collecting fines against the violators. Mr. Pardo has assigned any such reward to the Life Partners Holdings, Inc. and no officers or directors would receive any part of such an award.

Life Partners Holdings CEO Brian Pardo commented, “It is a tragedy to realize that there are well-known financial entities that intentionally try to destroy companies with these abusive tactics, without any regard for the lives of the workers and the investors they ruin. The original purpose of our financial markets was to bring capital to companies so they could grow and, in turn, contribute to the growth of our whole economy. This small group has hijacked our financial markets for their own gain. I just hope that the SEC will use the clear evidence we have provided to them to bring those who are working against our economy to justice. In my view, naked short selling is a form of financial terrorism.”

Pardo further suggests in the complaint that FINRA settlements with UBS and Credit Suisse speak to the enormous magnitude of naked short selling. He points to the recent SEC settlement with the Chicago Board Options Exchange, which shows how an SRO was compromised by those who engage in naked short selling. An investigation of the allegations in the whistleblower complaint filed by Mr. Pardo promises to provide the SEC with an opportunity to contain naked short selling while affording better insights into how naked shorting is being used to afflict small public companies.

Life Partners is the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called “life settlements.” Since its incorporation in 1991, Life Partners has completed over 149,000 transactions for its worldwide client base of over 29,000 high net worth individuals and institutions in connection with the purchase of over 6,500 policies totaling over $3 billion in face value.

Visit our website at: www.lphi.com.

Safe Harbor - This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The statements in this news release that are not historical statements, including statements regarding the basis, prosecution or outcome of the claims in the whistleblower complaint, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see our most recent Form 10-K. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

LPHI-G

Contact:
Life Partners Holdings, Inc.
Andrea Atwell, 254-751-7797
Shareholder Relations
e-mail: [e-mail]

http://finance.yahoo.com/news/life-partners-holdings-inc-ceo-135700077.html

[TechKim]

It is long over due! I do not pretend to defend. I do not believe it has been Pardo sitting on message boards bashing the company he works for.

This is one of very few offensive actions by Pardo and company verses the never ending list of law firms and others making noise.

The playing field is really lopsided.

Like I said before. I am not hanging out pretending to defend Pardo and company.

[parker1073]

Thats why it went up yesterday.