![]() IFG Port Holding, LLC vs LCHTD – Case: 2:16-cv-00146 U S District Court, Western District of Louisiana, Lake Charles Division. The Debtors in these chapter 11 cases, along with the last four digits of each of the Debtors’ respective federal tax identification numbers, are as follows: Furniture Factory Ultimate Holding, LP (4089) Furniture Factory Holding, LLC (5055) Furniture Factory Intermediate Holding, LLC (8060) Furniture Factory Outlet, LLC (3952) Furniture Factory Outlet Transportation, Inc. ![]() ![]() Schedule an appointment by contacting us now at 88 or by completing our contact form.The debtors in these chapter 11 cases, along with the last four digits of each debtor’s federal tax identification number are: PWM Property Management LLC (2514) 245 Park Avenue Property LLC (9531) HNA 245 Park Ave JV LLC (5043) 245 Park JV LLC (2417) 245 Park Avenue Mezz C LLC (5276) 245 Park Avenue Mezz B LLC (4961) 245 Park Avenue Mezz A LLC (4673) 181 West Madison Holding LLC (2346) and 181 West Madison Property LLC (3759). Our track record of success includes winning claims against Charles Schwab, Edward Jones, MetLife Securities, Morgan Stanley, Prudential Securities, Raymond James, Regions Morgan Keegan, and other investment firms as well as individual brokers. The Frankowski Firm represents clients throughout the country in FINRA securities arbitrations. The company had to pause selling L Bonds again in January 2021 as it began working with restructuring advisers, and because its auditor had resigned. GWG Holdings had suspended sales of L Bonds for eight months due to the delayed filing of its 2020 annual report but resumed again in December. GWG Holdings filed for bankruptcy on April 20, 2022. Lion Street Financial (Stiba Wealth Management) Among the firms believed to be in the GWG network selling L Bonds are: GWG reports that L Bonds were typically sold by a seller network made up of approximately 145 brokerage firms. The SEC subpoenaed documents related to brokerage firms that were selling the L Bonds, investigating sales practices related to the Bonds. In October 2020, the SEC opened an investigation into GWG Holdings regarding its accounting and its issuance of L Bonds. We're here to stand up for those investors and make sure each brokerage who sold this investment product is held accountable.” GWG entered chapter 11 bankruptcy, but not after raising nearly $2 billion mostly from individual investors. Richard Frankowski, attorney and founder of The Frankowski Firm, said: “Anyone who bought GWG Holdings L Bonds without being warned of their very high risk should talk to an attorney as soon as possible. Many L Bond investors were retired and elderly, and many invested their life savings. The Frankowski Firm contends that brokerages who recommended and sold the L Bonds to investors without disclosing their high risk are potentially liable. ![]() GWG Holdings sold the speculative and high-risk L Bonds, which pooled money from bond investors to purchase life-insurance policies on the secondary market, with the intention of using the payouts to pay the bonds when the life insurance policy holders died. DALLAS-( BUSINESS WIRE)-The Frankowski Firm is accepting new clients in securities arbitration claims before the Financial Industry Regulatory Authority (FINRA) for losses sustained from GWG Holdings L Bonds, after the alternative asset manager filed for bankruptcy. ![]()
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