Imperial Holdings Announces Settlement Terms of Shareholder Class Action Suits

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Imperial Holdings (NYSE: IFT) announced today it and all other relevant parties have executed a non-binding term sheet to settle the shareholder class action lawsuits and derivative demands instituted against the Company and certain of its current and former directors and officers. The proposed settlement terms, while non-binding and subject to certain contingencies, provide for the resolution of all of the class action lawsuits and derivative actions. As contemplated, the class action settlement would include a cash payment by Imperial to the class of $12 million, $11 million of which is to See full press release

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