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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of GWG Holdings, Inc. - GWGH
News provided byPomerantz LLP
Jan 28, 2022, 10:15 PM ET
NEW YORK, Jan. 28, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of GWG Holdings, Inc. ("GWG" or the "Company") (NASDAQ: GWGH). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether GWG and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On January 18, 2022, GWG disclosed that its Annual Report will likely be filed "later than the March 31, 2022 due date" because of "the recently disclosed decision of its independent registered public accounting firm to decline to stand for reappointment." The Company further disclosed that it "did not make the January 15, 2022 interest payment of approximately $10.35 million and principal payments of approximately $3.25 million with respect to its L Bonds" product and that it elected to "voluntarily suspend its L Bonds sales effective as of January 10, 2022."
On this news, GWG's stock price fell $2.17 per share, or 27.7%, to close at $5.65 per share on January 18, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP