Securities Lawsuit Investigation | Naples, Florida, Orlando, Miami, Jacksonville and Tampa | Company: Imperial Holdings, Inc. | Premium Finance and Structured Settlements, Life Finance Business | FBI Raids Florida Offices of Imperial Holdings, IFT Shares Plummeted After Raid, 9/27/11 $6.40 per share. The following day, 60% Loss $2.19 per share
Gilman Law LLP, a leading Naples, Florida, securities law firm, is now accepting claims for lawsuits on behalf of investors in Imperial Holdings, Inc. (“Imperial”). Shares in Imperial (NYSE: IFT) plummeted after Federal agents raided Imperial’s Florida office in September 2011 in conjunction with its life-insurance business practices. The firm is currently offering free legal evaluations to all Florida Imperial investors, including those in the Naples, Orlando, Miami, Jacksonville and Tampa areas.
For over 40 years, Gilman Law has represented Florida investors in all major aspects of securities fraud litigation, including stock manipulation, securities fraud, and shareholder rights violations. If you purchased or otherwise acquired shares of IFT, you may contact Gilman Law LLP to obtain additional information, or to discuss your rights as to recovery of your losses.
Imperial Federal Raid
Imperial is a specialty finance company focused on providing premium finance and structured settlements. Life settlement companies such as Imperial buy insurance policies from people for a fraction of their value and then collect in full when the person dies. The Boca Raton, Florida office was shut down and trading in its stock halted following an FBI raid on Tuesday, September 27, 2011. The agents were acting on a search warrant issued by the U.S. Attorney’s office in New Hampshire.
Imperial Holdings went public in February 2011 and received net proceeds of $174.2 million from the offering, according to regulatory filings. Shares initially sold at $10.75, but fell steadily thereafter. When trading was suspended on September 27, IFT shares had been trading at $6.40 per share. The following day, the value of the IFT shares dropped drastically by 60%, closing at only $2.19.
Legal Help for Imperial Holdings Shareholders
Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits, and has recovered over a billion dollars for its clients. We are ready to assist Florida investors who have sustained losses as a result of the Imperial Holdings Federal probe and raid. For a free evaluation of your case or to obtain additional information, please fill out the form on the left or CALL TOLL FREE (888) 252-0048.