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 has been rising steadily since the open Wednesday and is now up 1.01 at $2.47 on the highest volume in over 8 months. The stock has broken out to a month and a half high and has re-crossed its 50-day moving average.
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