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IRS closes probe related to Emergent Capital structured settlements biz

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IRS closes probe related to Emergent Capital structured settlements biz

The IRS has closed its investigation into and the company'slegacy structured settlements business.

Emergent Capital in February 2014 a summons from the IRS criminalinvestigations division, requiring it to provide data on the company and itsformer structured settlement business from 2010 to 2014.

The company said in a Form 8-K that it was notified aboutthe completion of the IRS probe, but it did not disclose any details regardingthe outcome of the investigation.

In January, the U.S. Attorney's Office for the District ofNew Hampshire concludedits investigation into former Emergent Capital employees regarding the company'snow-legacy premium finance business.