Imperial Holdings, Inc. Stockholder Alert - Investigations continue

Oct. 26, 2011 - PRLog -- After a FBI raid at Imperial Holdings’ Florida office on Sept. 27 an investigation for NYSE IFT stockholders over potential Violations of Federal Securities Laws was announced. Recently also agents with the office of the Special Inspector General for the Troubled Asset Relief Program (“TARP”) have reportedly joined the federal probe.

If you purchased shares of Imperial Holdings, Inc.  pursuant and/or traceable to Imperial Holdings’ initial public offering on or about February 7, 2011 through September 27, 2011, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.


On September 27, 2011 the office of Imperial Holdings in Boca Raton, Florida was raided by the FBI and the same day after the market closed Imperial Holdings, Inc.  announced that it was served with a search warrant issued by a Magistrate Judge for the U.S. District Court in the Southern District of Florida. On September 28, 2011, Imperial Holdings, Inc.’s Board of Directors formed a special committee to conduct an investigation in connection with the U.S. Attorney’s Office for the District of New Hampshire’s investigation of Imperial Holdings’ life finance business

The investigation for IFT investors focuses on whether Imperial Holdings and certain of its officers and directors violated Federal Securities Laws.

The Wall Street Journal recently said that agents with the Office of the Special Inspector General for TARP joined the Federal Bureau of Investigation but the TARP inspector general's interests in Imperial Holdings, which had connections to at least two TARP recipients: AIG. and Lincoln National Corp,  remained unclear since the company didn't take money from the TARP program.

Imperial Holdings is a company that purports to make lump-sum payments on legal settlements and life insurance policies. Imperial Holdings reported that its annual Revenue rose from $29.93million in 07 to $96.61million in 09, but then fell in 2010 to $76.90million. Its annual Net Income fell from a Net Income in 07 of $2.02million to a Net Loss of $8.64million in 09 and a Net Loss of $15.70million in 2010.

Over the next month shares of Imperial Holdings, Inc. (Public, NYSE-IFT) traded at roughly $10.

On August 11, 2011 Imperial Holdings, Inc. announced its Second Quarter 2011 Results.  Imperial Holdings, Inc. said that during the second quarter of 2011, Imperial reported total revenue of $29.2 million, compared to second quarter 2010 revenue of $20.6 million and that its Income before taxes was $13.8 million in the second quarter compared to a loss of $2.1 million during the same period last year.

Furthermore Imperial Holdings said that for the first six months of 2011, it reported total revenue of $54.1 million, compared to revenue of $40.4 million for the first six months of 2010 and its Net Income before taxes was $21.2 million for the first six months of 2011 compared to a loss of $9.6 million during the same period last year.

Despite those announcements NYSE- IFT shares began to lose value and dropped from slightly below $10 in the beginning of August 2011 to $6.52 on September 20, 2011.

Following the news about the federal raid shares of Imperial Holdings, Inc. (Public, NYSE-IFT) fell from $6.30 per share on September 27 to a close of $2.19 on September 28, 2011.

Those who purchased shares of Imperial Holdings, Inc.  pursuant and/or traceable to Imperial Holdings’ initial public offering on or about February 7, 2011 through September 27, 2011, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.