Life Partners, Inc. is the leading promoter of interests in viatical settlements, whereby investors purchase at a
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Life Partners, Inc. is the leading promoter of interests in viatical settlements, whereby investors purchase at a discount interests in a pool consisting of life insurance benefits of terminal AIDS patients. Is Life Partners engaged in the sale of securities? [SEC v. Life Partners, Inc., 102 F.3d 587 (D.C. Cir. 1996).]
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In Securities and Exchange Commission v Life Partners Inc 87 F3d 536 DC Cir 1996 the US Court of Appeals for the DC Circuit held that viatical settlements are not exempt from the securities laws as in...View the full answer
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Related Book For 
Managers and the Legal Environment Strategies for the 21st Century
ISBN: 978-0324582048
6th Edition
Authors: Constance E Bagley, Diane W Savage
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