Life Partners Holdings (LPHI) announced Wednesday morning that Travis County District Judge Stephen Yelenosky ruled that the life settlement transactions that it facilitates are not securities under Texas law.
Life Partners Holdings rose steadily until mid-afternoon Wednesday, before profit taking set in. Shares finished up by 2.20 at $3.66 on the highest volume of the year. The stock surged to a 5 1/2 month high and re-crossed both its 50 and 200-day moving averages.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.