The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Life Partners Holdings, Inc. (NASDAQ:LPHI) shares was launched over potential breaches of fiduciary duties by certain Life Partners Holdings officers and directors.
Investors who purchased shares of Life Partners Holdings, Inc. (NASDAQ:LPHI) in 2011 or earlier and currently still hold any of those NASDAQ:LPHI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Life Partners Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Life Partners Holdings, Inc. reported that its Total Revenue declined from $101.58 million for the 12 months period that ended on Feb. 28, 2011 to $15.69 million for the 12 months period that ended on Feb. 28, 2014 and that its Net Income of $23.43 million for the 12 months period that ended on Feb. 28, 2011 declined to a Net Loss of $2.45 million for the 12 months period that ended on Feb. 28, 2014.
Shares of Life Partners Holdings, Inc. declined from over $12 per share in early 2011 to as low as $0.94 per share on December 12, 2014.
Those who purchased shares of Life Partners Holdings, Inc. (NASDAQ:LPHI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com