Imperial Holdings, Inc is an investment holding company with assets in a variety of industries.

According to a Complaint filed as a removal from state court, the Defendants violated federal securities laws in connection with allegedly false statements surrounding the Company’s initial public offering.

On February 8, 2011, the Company filed its registration statement for its IPO. The Plaintiffs allege that the registration statement failed to contain statements concerning the Company’s improprieties within it life insurance business and that it and some of the individual Defendants were under investigation in the District of New Hampshire.

Subsequently, the FBI raided the Company’s Boca Raton offices pursuant to a search warrant issued by the U.S. Attorney’s Office in New Hampshire. On September 27, 2011, based on the news of the raid, the New York Stock Exchange halted trading of the Company’s shares.

On August 2, 2013, the parties filed a Stipulation of Settlement. The Settlement was preliminarily approved by the Court on August 6. On December 16, 2013, the Court issued an Order granting final approval of the Settlement and also approving attorneys' fees and expenses.