Quote:
Originally Posted by danglanzsr
I am an investor with Whitaker. GWG is in Chapter 11 reorganization (Southern District of Texas, cases 22-90032 and 22-90033) The L bonds have priority in the bankruptcy case and there is a high likelihood that the bonds will be paid since QWG has over a billion dollars in assets according to filings in the bankruptcy court. It is premature to claim that L bond investors have lost all their money. Therefore any law suit based on loss from the sale of the bonds would be premature. I am only addressing the GWG claims, not any other grievance others may have against Whitaker
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I was speaking to my parents today and they stated they received an email from Michael office from the company he works for New Bridge Securities for about 10 to 12 months ago. The email in short stated if a client sues Michael over GWG and wins that New Bridge and Michael can come back after the client if GWG finally settles in court.
Did you get the same letter. I am taken back yet again. It's not bad enough he put people in their 70's and 80's in a high-risk product telling them it was conservative but then threaten to come after them if they sue.