BOULDER, Colo.--(BUSINESS WIRE)--The Shuman Law Firm announced today that it is investigating potential claims against certain officers and directors of Imperial Holdings, Inc. (“Imperial Holdings” or the “Company”) (NYSE: IFT). Imperial Holdings operates as a specialty finance company providing premium financing for individual life insurance policies issued by insurance companies.
On September 27, 2011, FBI agents raided the Company's Florida offices. Later the same day, Imperial Holdings issued a press release acknowledging that the Company was “under investigation in the District of New Hampshire with respect to its life finance business.” The Company's press release also disclosed that Chief Executive Officer Anthony Mitchel and Chief Operating Officer Jonathan Neuman were also being investigated as a part of the federal probe.
In the wake of these revelations, Company stock plunged from $6.50 per share on September 26, 2011 to $2.19 per share on September 28, 2011. Imperial Holdings shares traded as high as $10.00 per share as recently as July 26, 2011.
If you currently own shares of Imperial Holdings common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlafirm.com or email Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
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