LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GWG Holdings, Inc. (“GWG” or “the Company”) (NASDAQ: GWGH) for violation of securities laws.
Investors who purchased the Company’s L Bonds directly under GWG’s L Bond Offering pursuant to and/or traceable to the registration statement dated June 3, 2020, are encouraged to contact the Company by June 19, 2020. April 2022.
If you are a bondholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. GWG made material misrepresentations in its June 2020 registration statement regarding its intended use of proceeds from its L bond offering. Proceeds from the L bond offering were not used to increase value of the Company’s assets or to expand the products and services offered to investors, despite the Company’s claims. Based on these facts, the Company’s assertions were untrue and materially misleading throughout the registration statement. When the market learned the truth about GWG, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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