This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Investor Retains Wohl & Fruchter LLP To Investigate Class Action Claims Against Imperial Holdings, Inc.

The law firm of Wohl & Fruchter LLP has been retained by an investor to investigate class action claims on behalf of shareholders of Imperial Holdings, Inc. (Imperial) (NYSE: IFT) in light of recent lawsuits filed against the company.

On September 27, 2011, the FBI raided Imperial’s Florida offices. After the markets closed, Imperial confirmed the raid and indicated the agents were acting on a search warrant obtained by the U.S. Attorney's Office in New Hampshire from a Florida federal judge.

Imperial further announced that the company and certain of its employees, including its chief executive officer and chief operating officer, are now under investigation with respect to its life finance business.

In response to these developments, Imperial’s stock dropped by 65%, declining from $6.30 on September 27, before trading was halted, to close at $2.19 the following day, when trading resumed.

On October 4, 2011, Imperial announced that its Board of Directors had formed a special committee to conduct an independent investigation in connection with the U.S. Attorney’s investigation of the company’s life finance business.

Additional information is available at

Persons with relevant information, and Imperial shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website,, to learn more about our Firm, or contact one of our partners.

This release may be deemed to constitute attorney advertising.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs