December 8, 2015 - The court granted the plaintiff's motion for voluntary dismissal without prejudice.
May 15, 2014 - The court denied the defendants' motion to dismiss.

March 26, 2012 - The defendants filed a motion to dismiss.

February 10, 2012 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased Life Partners Holdings Inc (NASDAQ: LPHI) common shares between May 26, 2006, and June 17, 2011. The lead plaintiff alleges that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between May 29, 2007 and June 17, 2011.

September 29, 2011 - The defendants filed a motion to dismiss.

August 15, 2011 - The lead plaintiff filed a consolidated complaint on behalf of investors who purchased Life Partners Holdings Inc (NASDAQ: LPHI) common shares between May 29, 2007 and June 17, 2011. The lead plaintiff alleges that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between May 29, 2007 and June 17, 2011.

July 5, 2011 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

June 29, 2011 - Lead plaintiff motions were filed.

February 3, 2011 - An investor in shares of Life Partners Holdings Inc (NASDAQ: LPHI) filed a lawsuit in the U.S. District Court for the Western District of Texas against Life Partners Holdings Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 29, 2007 and January 19, 2011.

According to the class action complaint the plaintiff alleges on behalf of investors of Life Partners Holdings Inc (NASDAQ: LPHI), who purchased or otherwise acquired LPHI securities between May 29, 2007 and January 19, 2011, that Life Partners Holdings Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by failing to disclose and misrepresenting material adverse facts between May 29, 2007 and January 19, 2011.
Shares of LPHI rose shortly after Life Partners Holdings Inc reported on October 26, 2010 its quarterly dividend from $17.95 per share on October 20 to as high as $22.96 on December 08.

Waco, Texas based Life Partners Holdings Inc, through its subsidiary Life Partners Inc, is engaged in the secondary market for life insurance known generally as life settlements. Life settlement transactions involve the sale of an existing life insurance policy to another party. The purchasers acquire the life insurance policies at a discount to their face value for investment purposes. The purchaser takes an ownership interest in the policy at a discount to its face value and receives the death benefit under the policy when the insured dies. But if the insured individual's death comes later than estimated, the payout is delayed and investors must continue paying premiums, reducing their eventual returns.

On December 21, 2010, The Wall Street Journal published an article questioning the Company's life-expectancy estimates and business practices. The Wall Street Journal said that ‘Life expectancies are a key factor in the business of investing in strangers' life insurance. If estimates are too low, investors face a double whammy: Their policy payout is delayed, and they must keep paying premiums as the person lives on.” The Wall Street Journal said its investigation found that “at Life Partners [..] the result is that 10% or 15% yearly returns promoted to investors may prove elusive for many.” And that “Attractive projected returns for clients are part of the company's formula for success”. Life Partners Holdings Inc’s 12months Total Revenue went over the past four filing periods from $29.8million to $113million. Its Net Income went from $3.36million to $29.43million over the same period.

The Wall Street Journal article followed a comprehensive investigation into how Life Partners Holdings Inc sold life settlement policies to investors. In particular, the article stated that Life Partners Holdings Inc has made large fees from its life-insurance transactions while often significantly underestimating the life expectancies of people whose policies its customers invest in. Then on January 20, 2011, The Wall Street Journal reported, and Life Partners Holdings Inc subsequently confirmed, that the SEC was investigating Life Partners. The article reported that As part of its probe, the SEC's enforcement division has been seeking experts to analyze the way Life Partners has estimated the life expectancies of the insured individuals.

Shares of Life Partners Holdings Inc (NASDAQ: LPHI) have dropped nearly 56 percent since Life Partners Holding Inc confirmed the SEC investigation and The Wall Street Journal article. LPHI shares decreased from as high as $18.37 per share in the beginning of December 2010 to recently $9.99 per share.