BOCA RATON, Fla.--(BUSINESS WIRE)--Imperial Holdings, Inc. (NYSE: IFT) (“Imperial”) announced today that it received final court approval to settle its pending class action and derivative litigation.
On December 16, 2013, the United States District Court for the Southern District of Florida entered an order approving the class action settlement and on December 17, 2013, the Circuit Court of the 15th Judicial Circuit in and for Palm Beach County, Florida entered an order approving the derivative action settlement.
Antony Mitchell, CEO of Imperial, commented, “We are very pleased to be able to put this litigation behind us as we continue our turnaround efforts.”
About Imperial Holdings, Inc.
Imperial is a leading specialty finance company that, through its operating subsidiaries, provides customized liquidity solutions to owners of illiquid financial assets. More information about Imperial can be found at www.imperial.com.
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