OKLAHOMA CITY, Okla.–(BUSINESS WIRE)–#FedermanSherwood–Federman & Sherwood announces that on March 30, 2023, a class action lawsuit was filed in the United States District Court for the Northern District of Texas Dallas Division against former Directors of GWG Holdings, Inc. and Financial Advisors and/or Salespersons for GWG Holdings, Inc. (GWG). The Complaint alleges violations of federal securities laws, including Section 10(b), 15(c), and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, including allegations that defendants engaged in a course of business which operated as a fraud upon the purchasers of GWG’s securities, including L-Bonds, during the Class Period, which is December 23, 2017 through April 20, 2022.
Plaintiffs seek to recover damages on behalf of all GWG Holdings, Inc., investors who purchased GWG’s securities, including L-Bonds, during the Class Period. You may move the Court no later than Monday, June 2, 2023, to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995 (PSLRA).
If you want to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: