GWG Holdings Lawsuit
Want to maximize your recovery?
At a glance
- What are the GWG lawsuits about?We are helping L Bond investors recover losses through individual legal claims against brokerages that unsuitably marketed and sold the bonds.
- What did the brokerages do wrong?Brokerages allegedly ignored years of GWG red flags in order to make a profit, telling investors that L Bonds were safe, but they were actually risky.
- What is the goal of this lawsuit?We are helping L Bond investors recover their GWG investment losses through arbitration.
Ready to recover your investment?
Get your claim started while there is still time
GWG Holdings Lawsuit - You May Have a Legal Claim Against Your Brokerage
Many investors are realizing that they are unlikely to get much money from a bankrupt company like GWG anytime soon. In contrast, some investors have already recovered money from the brokerage that sold them L Bonds. Many brokerages have plenty of money.
What did brokerages do wrong? Brokerage firms have a legal responsibility to conduct due diligence on the investment products they offer. Many brokerage firms ignored obvious warning signs that GWG was a bad investment, but sold GWG L Bonds anyway to their clients, so they could take home up to 8% commission on each L Bond sale. As a result, unknowing investors have lost a significant amount of money with GWG now bankrupt and unable to easily liquidate its assets.
Do you have to sue your broker? We are filing legal claims against the company that employs your broker, not the broker themselves. The brokerage firms select the investment product that advisors may offer to their clients. To pad their bottom line, various brokerages across the nation encouraged the sale of risky and speculative GWG L Bonds – it’s time to hold them accountable.
GWG L-Bond Investors - Act Now, Not Later
The bankruptcy is unlikely to resolve quickly, and based on other bankruptcy proceedings, it is unlikely that investors will get significant financial recoveries through the bankruptcy process.
Some investors are considering waiting to file any sort of legal claim until the bankruptcy is further along. But these investors may be at the back of the line when it’s too late — after law firms have stopped taking clients or brokerages have also gone bankrupt. With so many investors filing claims against their brokerage firms, it is likely that the longer investors wait to file a claim and get in line, it will take much longer for their case to resolve.
Filing a claim NOW will save your spot in line and give you a better chance at a quick and meaningful recovery
GWG L-Bond Lawsuit - How much will it cost?
We pursue cases on behalf of our clients on a “contingency fee basis”. This means that pursing a GWG L bond lawsuit against your brokerage will cost you nothing unless we win, and even then, you pay nothing out-of-pocket (our attorneys’ fees and costs are deducted from your recovery).
There is no financial downside to you if you pursue a legal claim—you only stand to recover additional funds.
L-Bond Recovery - How long will it take?
Currently these legal claims take between 12-18 months to resolve.
The cases against the brokerage firms go through a process that is typically much faster than court cases (such as bankruptcy cases).
Filing a GWG L-Bond Claim - Is it difficult?
The reason to hire good lawyers is that they make the process easy for you, and you feel comfortable with your them.
We take our commitment seriously to keep the burden on our clients to the bare minimum.
As in any legal case, you will need to provide us with certain documents and information and communicate with us as the case progresses.
You will not need to sit for a deposition. The process for suing a brokerage typically involves less work and is much quicker than filing a lawsuit in court
Our Financial Fraud Experience
Gibbs Law Group
Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients’ behalf.
Gibbs Law Group attorneys have fought some of the most complex cases brought under federal and state laws nationwide, and have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).
Silver Law Group
Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation.
The firm is led by Scott Silver, a former Wall Street defense attorney who has been representing customers in securities and investment fraud cases since 2002. Scott is admitted to practice in New York and Florida and the firm’s FINRA arbitration attorneys represents investors nationwide.