Imperial Holdings Inc., Boca Raton, Fla., has announced that they have finalized a settlement with Opportunity Partners L.P., a member of its largest shareholder group. The settlement abolishes a lawsuit that would have mandated an annual meeting as well as a special meeting for shareholders.
Imperial, a specialty finance company and player in the secondary market for life insurance appointed three new members to its Board of Director— Phillip Goldstein, a retired civil engineer and principal of Bulldog Investors; Andrew Dakos, Principal of Bulldog Investors and Gerald Hellerman, managing director of Hellerman Associates.
