Ryan & Maniskas, LLP ( www.rmclasslaw.com/cases/ift) announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf Imperial Holdings, LLC (“IFT” or the “Company”) (NYSE: IFT) who purchased or otherwise acquired the common stock of IFT pursuant and/or traceable to the Company's Registration Statement and Prospectus issued in connection with the Company's February 7, 2011 initial public offering (the "IPO" or the "Offering") (between February 7, 2011 and September 28, 2011, inclusive).
For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/ift.
IFT through its subsidiaries, operates as a specialty finance company in the United States, which provides premium financing for individual life insurance policies issued by insurance companies.
The complaint alleges securities law violations related to the Company’s public statements. Specifically, our investigation relates to the Company’s disclosure that on Tuesday, September 27, 2011, IFT disclosed that the FBI had raided the Company, and said that it, along with several employees, as well as its chairman and chief executive and its president and chief operating officer, were also under investigation in the District of New Hampshire for matters related to the company’s life-insurance business. On this news, shares of IFT declined more than 63%.If you are a member of the class, you may, no later than January 17, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
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