Girard Sharp was today appointed lead plaintiffs’ counsel in the GWG Holdings Securities Litigation, alongside co-counsel Malmfeldt Law Group P.C.
In this proposed securities class action, venued in Dallas federal court, Girard Sharp represents investors who purchased GWG Holdings, Inc. (Nasdaq: GWGH) L bonds directly in GWGH’s L bond offering pursuant to a June 3, 2020, registration statement.
Filed on February 18, 2022, the GWGH lawsuit—captioned Bayati, et al. v. GWG Holdings, Inc., et al., No. 3:22-cv-00410 (N.D. Tex.)—alleges that GWGH and certain of its directors made misrepresentations and omissions in offering materials in violation of the Securities Act of 1933.