Lifetime Receiver H. Thomas Moran II, Receiver of LifeTime Capital, Inc.

6Aug/07Off

A brief hearing was held before the Court on Tuesday, July 31, for the purpose of hearing any objections to the settlement of the lawsuit the Receiver filed against Howard F. Wunderlich, M.D., Isaac Corney, M.D., and Rani Whitfield, M.D., three doctors who had provided to Medical Underwriting a number of life expectancy estimates. The Receiver and these three Defendants had arrived at a tentative settlement which was approved by the Court preliminarily in April. Notices of the settlement and the hearing were sent to investors in June. At the July 31 hearing, the court heard the stipulations of the Receiver and the Defendants, and heard from one person who voiced an objection to the settlement. At the conclusion of the hearing, the Court took the settlement under advisement and will soon issue a decision on whether the settlement is approved.

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