PHT wins appeal of class settlement

lpiweb17 Other News

On November 29, 2017, the Fifth Circuit Court of Appeals ruled in favor of the PHT and dismissed an appeal of the Class Settlement by the Pillar Life Settlement Funds. The Pillar Funds objected to the class settlement that paved the way for the Plan and appealed the court’s approval of the settlement. The Pillar Funds did not, however, appeal …

PHT pays interest on NIRAN notes

lpiweb17 Other News

On December 15, 2017, the PHT made the first annual interest payment on the New IRA Notes. The annual interest on the notes is 3% of the note’s principal balance. For investors who hold New IRA Notes in their IRAs, the PHT sent checks to your IRA custodians. All other New IRA Note investors will receive a check at the …

12/8/2017 Litigation over Policy 77250

lpiweb17 Other News

The PHT is unable to distribute the proceeds of Policy 77250 at this time, due to a lawsuit filed in New York late last month. In the lawsuit, Shea Ostreicher claims that the sale of this policy to LPI in 2012 was invalid and that he is the actual owner of the policy. We will vigorously fight this suit. This …

11-13-17 Podcast – The Trustee’s fourth quarter podcast is available

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11-13-17 Podcast – The Trustee’s fourth quarter podcast is available
11/13/2017 Podcast

 
 
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11-13-17 Podcast Available

November 10, 2017 – The PHT Trustee has launched a new website.

lpiweb17 Other News

In an effort to improve investor communication, the PHT Trustee has launched a new website. Although you can find it at the same address (www.lpi-pht.com), the website is all new – an entirely new look with easier access to the information that matters. The new home page highlights the most important notices and the most recent news. No more searching …

November 7, 2017 – Beneficiary Designation forms are now available

lpiweb17 Other News

Investors can now designate a beneficiary for their Plan Securities. By designating a beneficiary, an investor can determine who will receive the investor’s Securities when he or she dies. The Securities will pass to the beneficiary upon the investor’s death without having to go through the probate process speeding up the re-registration of the Securities and avoiding additional costs. The …