Tr?id=566623520170033&ev=PageView&noscript=1

Bankruptcy Court Approves DWG's Reorganization Plan

Posted on August 11th, 2023 at 1:13 PM
Bankruptcy Court Approves DWG's Reorganization Plan

From the desk of Jim Eccleston at Eccleston Law 

The Bankruptcy Court for the Southern District of Texas has approved GWG Holdings Inc.'s reorganization plan. Consequently, all securities issued by the company, which encompass common stock, preferred stock, and debt securities, including L bonds, have been nullified.

GWG Holdings has informed that investors who held these canceled securities have been provided with interests in the GWG Wind Down Trust. This trust, established under Texas law, serves as a liquidating trust formed in accordance with the approved plan.

According to DI Wire, GWG Holdings also intends to file Form 15 with the Securities and Exchange Commission (SEC) to provide notice of the suspension of its reporting obligations under SEC rules. Upon filing Form 15, GWG will immediately cease filing any further periodic reports under the Exchange Act.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

 

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

LATEST NEWS AND ARTICLES

1793294906 Law
October 29, 2026
FINRA Bars Former LPL Financial Broker for Refusing to Cooperate With Investigation

?The Financial Industry Regulatory Authority (FINRA?) barred Buddy Dean Mason, a former LPL Financial broker in Lakeland, Florida, after he refused to provide documents and information during an investigation into a customer complaint involving an alleged outside investment.

1793209405 Law
October 28, 2026
FINRA Panel Orders Kingswood Capital Partners and Executives to Pay Former Advisor $11.3 Million

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Kingswood Capital Partners LLC, CEO Michael Nessim, and Chief Compliance Officer Mohamed Alsoraimi to pay former advisor Rikin Patel $11,341,369.25.

1793123026 Law
October 27, 2026
CFTC Seeks Public Comment on Proposed Crypto Asset Regulatory Framework

The Commodity Futures Trading Commission (CFTC) has issued an Advanced Notice of Proposed Rulemaking (ANPRM) seeking public comment on a potential regulatory framework for retail commodity transactions involving crypto assets, which the agency calls "CTXs." According to the CFTC's press release, the initiative focuses on Section 2(c)(2)(D) of th...