GWGHQ SHAREHOLDER ALERT: Jakubowitz Law Reminds GWG Shareholders of a Lead Plaintiff Deadline of June 2, 2023

NEW YORK, April 14, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of GWG Holdings, Inc. (OTC Other: GWGHQ).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/gwg-holdings-inc-loss-submission-form/?id=38233&from=4

The lawsuit seeks to recover losses for shareholders who purchased GWG between December 23, 2017 and April 20, 2022.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until June 2, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, GWG Holdings, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) Defendants intended to, and did, misappropriate GWG assets, (ii) GWG's life insurance investment business had failed, and (iii) GWG could only repay prior investors by issuing increasing amounts of securities to new investors. In essence, Defendants had turned GWG into a Ponzi scheme.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887

SOURCE Jakubowitz Law

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