Investors File GWG Holdings Lawsuit to Recover Losses

GWG Housings Inc (NASDAQ: GWGH) failed to make the principal payment and missed interest payments totaling $10.35million, both due by 15 January 2022 and both relating to their L Bonds. Investors will be looking to a GWG Holding Lawsuit to recover their losses.

It is considered a default if the payment is not received within a grace period of 30 days from when it becomes due. GWG could declare bankruptcy and investors fear that GWG will lose all of its investment principles.

Rumors suggest that GWG could have negative cash flows. GWG is currently evaluating restructuring options that may include bankruptcy.

GWG Holdings filed with the Securities Exchange Commission (SEC) on 18 January stating that the decrease in the sale of L Bonds has caused a shortage of cash. GWG Holdings Inc also stated that the timely filing of the Annual Return Form 10-K has been delayed due to the fact that the accounting firm that was entrusted with it has declined to resign. This could lead to the voluntary suspension of L Bond sales.

Investors have been concerned about missing payments and filed a Securities Fraud lawsuit (FINRA claim), as they believed this was a low-risk investment. GWG was marketed as a disruptive and innovative product in the life insurance market, but investors may have been misled.

Haselkorn & Thibaut (InvestmentFraudLawyers.com) is currently investigating GWG Holdings and broker-dealers that sold their products. For a free consultation about investment loss recovery options, including security fraud lawsuits or FINRA claims, investors can call 1-888-614-93556

GWG Holdings – FINRA Arbitration & Legal Options

Brokers are required by the Financial Industry Regulatory Authority to ensure that a recommended investment meets customer requirements, has done due diligence, and highlights all risks. Customers could file claims against the firm for money they have lost due to failure to do so or to supervise them doing so. FINRA offers arbitration as a means of resolving disputes.

GWG Holdings investors can recover their losses in a variety of ways. FINRA arbitration is one of the best ways to recover your losses. This is usually faster than traditional lawsuits and it is often easier.

Haselkorn & Thibaut is a national law firm that specializes in investment fraud and has offices throughout the United States, including North Carolina, Arizona, Texas and Florida. They are investigating several cases involving brokerage firms that improperly sold L Bonds or other high-risk investments to investors.

For a free consultation, if you have any questions about your investment in L Bonds (or other alternatives), we recommend that you reach out to one of our investment lawyers. 1-888-902-6872 to schedule a consultation.

from lawyers.buzz https://lawyers.buzz/investors-file-gwg-holdings-lawsuit-to-recover-losses/1327/
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