{"id":10434,"date":"2022-02-23T16:17:31","date_gmt":"2022-02-23T21:17:31","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10434"},"modified":"2022-04-07T10:15:53","modified_gmt":"2022-04-07T14:15:53","slug":"silver-law-group-represents-investors-against-gwg-holdings-for-l-bond-losses","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-represents-investors-against-gwg-holdings-for-l-bond-losses\/","title":{"rendered":"Silver Law Group Represents Investors Against GWG Holdings For L Bond Losses"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint was filed against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG\u2019s \u201cL Bonds\u201d. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws.\u00a0 Among other things, the Complaint states that: GWG\u2019s L Bonds were designed to enrich GWG\u2019s principals \u201caccomplished through Defendants\u2019 false and misleading statements and omissions . . .\u201d \u201cThe [L Bonds] now lack value on account of GWGH\u2019s inability to service them.\u201d \u201cAs a result of Defendants\u2019 wrongful acts and omissions, and the steep decline in the value of the L Bonds, Plaintiffs and other Class members have suffered significant losses and damages, which they now seek to recover through this action.\u201d With The Class Action On File, Silver Law Group Continues Its Investigation Against Financial Advisors Silver Law Group is continuing to investigate GWG\u2019s sales of \u201cL-Bonds\u201d to investors nationwide. Many investors alleged L Bonds were sold as offering investors higher yields than typical publicly traded bonds and as being backed by bundled portfolios of life insurance policies purchased on the secondary market. Unlike publicly traded securities, L Bonds are illiquid, speculative alternative investments that do not have a public market. L Bonds were sold by a network of broker-dealers across the United States. On January 27, 2022, the Wall Street Journal quoted Scott Silver highlighting that \u201cmany of our clients are retail investors who bought the bonds after hearing the products were safe and would offer a comfortable income stream for their retirement but that they were shocked to learn that their money was used to pay old investors while the company was under SEC investigation.\u201d\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG\u2019s \u201cL Bonds\u201d. The <a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/02\/GWG-Class-Action-Complaint.pdf\" target=\"_blank\">Complaint<\/a> was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws. Among other things, the Complaint states that: <a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-represents-investors-against-gwg-holdings-for-l-bond-losses\/#more-10434\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG\u2019s \u201cL Bonds\u201d. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,595],"tags":[],"class_list":["post-10434","post","type-post","status-publish","format-standard","hentry","category-class-action","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group Represents Investors For GWG L Bond Losses<\/title>\n<meta name=\"description\" content=\"On February 18, 2022, Silver Law Group and co-counsel filed a class action complaint against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG\u2019s \u201cL Bonds\u201d.\" \/>\n<meta name=\"robots\" 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