WebFeb 23, 2024 · Commenced on February 18, 2024, the GWGH class action lawsuit—captioned Bayati, et al. v. GWG Holdings, Inc., et al., No. 3:22-cv-00410 (N.D. … WebCOMPLAINT . Plaintiff United States Securities and Exchange Commission (“SEC”) alleges as follows: NATURE OF THE ACTION . 1. From about September 2009 to August 2013, …

IN THE UNITED STATES DISTRICT COURT FOR THE …

WebApr 10, 2024 · GWG Holdings, Inc filed for Chapter 11 bankruptcy protection on April 20, 2024 after failing to make $13.6 million in interest payments to bondholders in January. The claim further alleges investment losses in Healthcare Trust Inc and Franklin BSP Lending Corp. (formerly known as BDCA). The claim was seeking damages of $100,000.01 to … Web23. Defendant Thomas O. Hicks was a Director of GWG Holdings, Inc. from April 26, 2024 until June 14, 2024. Defendant Thomas O. Hicks is currently a Director of the Beneficient Company Group L.P. Defendant Thomas O. Hicks is believed to reside in or near Dallas, Texas. 24. Defendant Dennis P. Lockhart was a Director of GWG Holdings, Inc. from May huddle house walburg tx

GWG blames SEC investigation of brokers for its collapse

WebPowellandsons has a rating of 1.07 stars from 60 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers complaining about … WebApr 26, 2024 · GWG has failed to timely file its annual financials. The company is now facing several risks, including not being able to file the L Bonds. GWG also failed to meet the … Web7. L Bonds were corporate bonds offered by GWG Holdings, Inc. (“GWG”). L Bonds were high risk, illiquid, and only suitable for customers with substantial financial resources. The L Bonds relevant to this Complaint paid fixed interest rates of between 5.50% and 8.50%, depending on the maturity period of the holbeach surgery online