GWG Holdings, Inc. (GWGH)
Class Action and Lead Deadline: April 25, 2022
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against GWG Holdings, Inc. (“GWG” or the “Company”) (NASDAQ: GWGH) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired GWG L bonds directly in GWGH’s L bond offering pursuant to a June 3, 2020, registration statement. Such investors are encouraged to join this case.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.
The complaint alleges that: (1) 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; and (2) 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.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/gwgh or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in GWG you have until April 19, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.