GWG Holdings Losses - GWG L Bonds Investors - How Do You Recover Your Losses in L Bonds?
Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent investors who have suffered losses in GWG L Bonds. These high-yield bonds were issued by Dallas-based alternative asset firm GWG Holdings, Inc. (NASDAQ: GWGH) from 2012 until April 2021.
Now, L bond investors may be looking at significant losses in the wake of GWG’s Chapter 11 bankruptcy filing on April 20, 2022, and its other recent financial and regulatory woes. According to unaudited financial statements, as of September 30, 2021, GWG Holdings had over $2B in total liabilities, including nearly $1.3B of L Bonds. In February 2022, the company defaulted on $13.6M in payments plus interest that it owes investors.
Our seasoned GWG Holdings L Bonds attorneys represent investors whose broker-dealers sold them these financial instruments. Please contact SSEK Law Firm today at (800) 259-9010 or contact us online.
Are you an investor in GWG L bonds? We can help you recover assets from the firm and advisor that recommended GWG, all while you're waiting for the bankruptcy court to transpire. We only charge in what we recover from the financial firm. No recovery, no fee. So you have two choices. Sit around and wait for the bankruptcy court to do something, or sue the firm that sold this to you and still wait for the bankruptcy court.
Contact us today for a free consultation.