In April 2022, when GWG Holdings, Inc. filed for a Chapter 11 bankruptcy, it left 27,000 investors wondering if the “L Bonds” they were holding were now worthless. If you’re one of those investors, you may be able to recover some of your losses, but you should get an attorney who specializes in recovering clients’ investments to help you.
Silver Law Group team are GWG Holdings L Bond recovery attorneys pursuing actions on behalf of their clients, such as potential class-action lawsuits against GWG and its subsidiaries.
However, attorneys who are experienced in investment fraud litigation also know that it can be difficult to recover money from companies in bankruptcy. That’s why Silver Law’s attorneys advises their clients to consider claims against the broker-dealers who encouraged investors to buy these high-risk securities.
If broker-dealers violated any federal laws relating to your investment, then they can and should be held liable—above and beyond any case there is to be made against GWG. The common allegations generally include lack of due diligence, overconcentration, excessive commissions and breach of fiduciary duty.
When it comes to claims against broker-dealers, Silver Law works with clients to submit complaints with the Financial Industry Regulatory Authority (FINRA), a government-authorized not-for-profit organization that oversees U.S. broker-dealers, and the Securities and Exchange Commission. Arbitrations tend to be much faster to resolve in the clients’ favor than a lawsuit, and a case against the broker won’t impact claims against GWG.
Recovery of your investment is possible.
If you have L Bonds from GWG Holdings, don’t wait: Contact Silver Law Group today. We are an experienced law team that specializes in investment fraud litigation—to help clients like you get the recovery you deserve. For a free, confidential consultation, send us an email or call us at (800) 975-4345.