Important GWG Update: Your Recovery Could Be in Jeopardy

Rhea-AI Summary

KT urges GWG investors to act now as Beneficient's stock price hits all-time low, negatively affecting recovery

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• Beneficient's stock price has hit a 52-week low of $1.55 per share, representing a 90% decline since June 2023. This decline directly affects GWG investors' potential recovery from the GWG bankruptcy. GWG L bondholders are owed over $1.3 billion, but GWG's ability to monetize its assets remains highly uncertain and unlikely. Investors are encouraged to explore alternative recovery options through FINRA arbitration.

KT URGES GWG INVESTORS TO ACT NOW: Beneficiant's Stock Price Hits All Time Low Directly Affecting Your Recovery

NEW YORK, NY / ACCESSWIRE / October 5, 2023 / National investment loss lawyers KlaymanToskes issues an important notice to all GWG investors: Beneficient (NASDAQ:BENF) common stock held by GWG Holdings, Inc., has hit a 52-week-low of $1.55 per share, a 90% decline since June 2023. The declining stock price has a direct effect on GWG investors' potential recovery from the GWG bankruptcy. Contact KlaymanToskes today at 888-997-9956 to learn more about alternative recovery options for investment losses through FINRA arbitration.

KlaymanToskes previously announced that GWG's bankruptcy court authorized the sale of the Beneficient (BENF) stock held by the GWG L Bondholders' trust on June 21, 2023 (Case No. 22-90032). The purpose of the sale was to raise capital to pay back debtors such as L Bondholders. However, since opening at $15 on its first day of trading, BENF has plummeted to less than $2 decreasing the potential bankruptcy recovery for investors.

Since GWG Holdings, Inc.'s bankruptcy plan went into effect, GWG L Bonds were canceled and GWG's assets, including the stock, will be liquidated to repay its debtors. In August 2023, every L Bondholder was issued a new distribution of interests known as "Series A1 WDT Interests" within the Wind Down Trust.

GWG L bondholders are owed over $1.3 billion, however, GWG's ability to monetize its assets remains highly uncertain and unlikely. KlaymanToskes strongly encourages bondholders to maximize their recoveries through a FINRA arbitration claim against the brokerage firms and financial advisors who sold these illiquid investments.

KlaymanToskes is currently representing many GWG L Bondholders throughout the country in FINRA arbitration claims against the brokerage firms and financial advisors that recommended the unsuitable L Bonds, some of which have already resulted in significant recoveries.

If you purchased GWG L Bonds or preferred stock through any of the following brokerage firms, contact KlaymanToskes immediately to discuss your legal options:

- Newbridge Securities
- Western International Securities
- Centaurus Financial
- Emerson Equity
- Moloney Securities
- Ausdal Financial Partners
- Coastal Equities
- Center Street Securities
- Arkadios Capital
- Arete Wealth Management
- Capital Investment Group
- Ni Advisors, and
- B.B. Graham & Company.

GWG L bondholders who suffered significant investment losses should immediately contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss recovery options. We do not collect attorney's fees unless we are able to obtain a financial recovery.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.

Contact

Lawrence L. Klayman, Esq.
KlaymanToskes, P.A.
888-997-9956
lawrence@klaymantoskes.com

SOURCE: KlaymanToskes, P.A.

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FAQ

What is the current stock price of Beneficient (BENF)?

Beneficient's stock price is currently at $1.55 per share.

How much has the stock price declined since June 2023?

The stock price has declined by 90% since June 2023.

How much are GWG L bondholders owed?

GWG L bondholders are owed over $1.3 billion.

What are the alternative recovery options for GWG investors?

Investors are encouraged to explore recovery options through FINRA arbitration.

Which brokerage firms and financial advisors are involved in the GWG L Bonds case?

The following brokerage firms are involved: Newbridge Securities, Western International Securities, Centaurus Financial, Emerson Equity, Moloney Securities, Ausdal Financial Partners, Coastal Equities, Center Street Securities, Arkadios Capital, Arete Wealth Management, Capital Investment Group, Ni Advisors, and B.B. Graham & Company.