Life Partners Creditors' Trust v. Cowley (In Re Life Partners Holdings, Inc.)
Court of Appeals for the Fifth Circuit
1Opinion of the Court
JENNIFER WALKER ELROD, Circuit Judge:
This case arises out of the Chapter 11 bankruptcies of three related entities: Life *112 Partners Holdings, Inc.; Life Partners, Inc. (LPI); and LPI Financial Services (collectively, the "LP Entities"). The LP Entities operated an investment business focused on the sale of interests in life insurance policies, through which they defrauded investors and violated securities laws. See Moran v. Pardo , No. 4:15-cv-00905, Dkt. No. 359 (N.D. Tex. June 12, 2017); see also SEC v. Life Partners Holdings, Inc. , 854 F.3d 765 , 789 (5th Cir. 2017). The LP Entities used a…
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