LOS ANGELES, CA - (NewMediaWire) - April 19, 2022 -The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of GWG Holdings, Inc. (“GWG” or “the Company”) (NASDAQ: GWGH) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GWG is the subject of a Wall Street Journal report on January 27, 2022, that revealed the Company had received a subpoena from the SEC requesting documents. The article claims that an attorney who considered the Company’s L Bonds to be a safe investment for his retail investor clients but that “they were shocked to learn that their money was used to pay old investors while the company has been under SEC investigation.” Based on this news, shares of GWG dropped by 20% in intraday trading on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
Brian Schall, Esq.