An investigation on behalf of current long term investors in GWG Holdings, Inc. (NASDAQ:GWGH) L bonds shares over possible breaches of fiduciary duty was announced and GWG Holdings, Inc. (NASDAQ:GWGH) L bondholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/10/2022 -- An investigation was announced for GWG Holdings, Inc. (NASDAQ: GWGH) L bondholders concerning potential breaches of fiduciary duties.
Investors who purchased GWG Holdings, Inc. (NASDAQ: GWGH) L bonds, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm follows a lawsuit filed against GWG Holdings, Inc. (over alleged securities laws violations.
The plaintiff alleges that the defendants made material misrepresentations and omissions in the June 2020 registration statement concerning GWGH's use of the net proceeds from the L bonds offering. Plaintiffs allege that, contrary to representations in the registration statement, L bond proceeds were neither used to increase the value of GWGH's assets (alternative or otherwise), nor to provide an expanded set of products or services for investors, nor to increase working capital or liquidity, nor to satisfy any regulatory requirements.
Those who purchased GWG Holdings, Inc. (NASDAQ: GWGH) L bonds have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.