Courts Approve Imperial's Settlement of Class Action and Related Derivative Litigation

BOCA RATON, Fla.--(BUSINESS WIRE)-- Imperial Holdings

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.