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.
:)
As with so many things in life, I will continue to appear wrong until I am shown to be correct.
:)
