On January 13, 2026, the United States District Court for the Northern District of Texas approved a series of settlements pursued by the GWG Litigation Trustees. These settlements clear the path for distributions from the GWG Wind Down Trust—but the outcome is devastating for investors. The reality is stark: GWG L Bond investors are expected…
Continue reading ›See more recent updates: Original Post: Below is the latest information for GWG L Bond investors following the November 17, 2025 joint status report filed by the GWG Wind Down Trust and the GWG Litigation Trust. Quick Summary (Investor Snapshot) Visit Iorio Law PLLC’s GWG L Bond Investor Recovery Center for the latest information about…
Continue reading ›The fallout from an ethics scandal involving former U.S. Bankruptcy Judge David Jones and former Jackson Walker partner Elizabeth C. Freeman has now reached the GWG Holdings, Inc. bankruptcy. On November 5, 2025, Elizabeth Freeman resigned as Trustee of the GWG Wind Down Trust, just days after the United States Bankruptcy Court for the Southern…
Continue reading ›On November 4, 2025, the U.S. Department of Justice (DOJ) announced that Bradley Heppner, the former Chief Executive Officer and Board Chairman of GWG Holdings, Inc. (“GWG”), was indicted on multiple counts of securities fraud, wire fraud, false statements to auditors, and falsification of records (DOJ press release). For investors in GWG L Bonds—many of…
Continue reading ›See more recent updates: Original Post: The GWG Wind Down Trust filed its latest status report on August 15, 2025, with the U.S. Bankruptcy Court, providing new details for GWG L Bond investors. Liz Freeman, the GWG Wind Down Trustee, also released the trust’s recent financial statements. These reports cover the Trust’s activities for the…
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Background: For more information, please visit our GWG L Bond Investor Recovery Center. How Much Will GWG L Bond Investors Receive from the Bankruptcy Settlements? On April 30, 2025, the GWG Litigation Trustee filed a Supplemental Notice of Proposed Settlements in the United States Bankruptcy Court for the Southern District of Texas. According to the…
Continue reading ›On April 2, 2025, the GWG Wind Down Trust filed its status report with the United States Bankruptcy Court for the Southern District of Texas, providing crucial updates for GWG L Bond investors. This report details the Trust’s activities for the quarter and year ending December 31, 2024, revealing that the Trust has sold nearly…
Continue reading ›**Updated: April 30, 2025**: According to new court filings, the GWG Wind Down Trust estimates that the cumulative distribution from the four settlements will be between 2.694% and 3.446% of the approximately $1.67 billion in pre-petition GWG L Bond holdings that are now Series A1 WDT Interests. That is, GWG L Bond investors can expect…
Continue reading ›What You Need to Know: Western International Securities Agrees to Settle Lawsuit with the SEC On July 31, 2024, the SEC announced that it had reached an agreement with Western International Securities and five of its registered representatives to settle an ongoing lawsuit arising out of the sale of high-risk and speculative L Bonds issued…
Continue reading ›On February 15, 2024, the GWG Wind Down Trust filed a status report with the United States Bankruptcy Court for the Southern District of Texas for the quarter ending December 31, 2023. Although the status report did not include an updated financial statement, there are several key takeaways: We believe that there is no obvious…
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