A lawsuit was reportedly filed against Imperial Holdings (NYSE: IFT), parent company of Imperial Finance & Trading, in Florida state court. The Company reported in a Form 8-K filing on October 4, 201 that:
“Although the Company has not yet been served with any complaint, the Company has learned that on September 29, 2011, a putative securities class action complaint was filed in the Circuit Court of the 15th Judicial Circuit in and for Palm Beach County, Florida entitled Martin J. Fuller v. Imperial Holdings, Inc., et al., against the Company, its Chairman and Chief Executive Officer, President and Chief Operating Officer, its Chief Financial Officer and Chief Credit Officer, its Director of Finance and Accounting, the members of its Board of Directors who signed the Company’s registration statement, and the underwriters of the Company’s initial public offering alleging certain violations of the Securities Act of 1933, as amended.”
This securities act case ( No. 2011CA015075) is currently pending before Judge David French and names the Company, individuals and underwriters. See the docket sheet here.