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22 Dec 2016, 7:19 am by Katlin Newman, J.D.
A bond hearing will be held this morning for suspended South Carolina state Rep. [read post]
5 Mar 2017, 7:26 pm by Adam Levitin
Workouts generally succeed, so that there is no serious transaction cost problem stemming from the TIA; when a company goes straight into bankruptcy there tend to be independent motivations. [read post]
28 Jul 2021, 2:48 pm by Iorio Altamirano
Iorio Altamirano LLP is investigating potential claims involving investments in L Bonds offered by GWG Holdings (Nasdaq: GWGH). [read post]
29 Jul 2019, 6:00 am
Last week, we talked about appeals bonds; today we're treated to an interview with Mutual of Omaha's Demerri Bond, who manages the company's long-term care insurance underwriting team. [read post]
12 May 2022, 5:54 am by Joe Wojciechowski
 The debt owed by GWG in these bonds are not the first priority to be paid back by the company on the “capital stack”. [read post]
22 Apr 2022, 11:15 am by The White Law Group
” GWG claims in its Chapter 11 filing that the SEC’s investigation of the company eventually included the sales practice of some of the 145 broker-dealer firms that sold the bonds. [read post]
15 Jul 2010, 2:24 pm by Benjamin J. Sansone
Surety and insurance companies sell surety bonds in Missouri, and act as third parties between the court and appealing party. [read post]
14 Apr 2009, 8:10 am
With the help of investment bankers at companies like Bear Stearns, the states set up agencies to sell tax-exempt Tobacco Settlement Bonds to the public. [read post]
31 Jan 2022, 6:19 pm by Iorio Altamirano
The company is also reportedly seeking rescue financing in an effort to avoid bankruptcy after facing a series of accounting issues, financial stress, and an SEC investigation. [read post]
28 Apr 2017, 6:00 am by Christopher G. Hill
  If the bond company determines that a full payment is owed to the supplier, they may pay it, and demand reimbursement from the bonded subcontractor for their payout. [read post]
12 Aug 2009, 7:00 am
If the executor fails to pay a bill, claim, or distribute any monies under the will as required, the bonding company will be forced to step up and pay the aggrieved parties. [read post]
28 Apr 2022, 7:15 am by Zamansky LLC
” According to GWG’s President and CEO, “These steps, including the receipt of additional financing, are expected to strengthen the Company’s financial position going forward and help preserve the value of the Company’s assets for the benefit of its investors. [read post]
21 Apr 2022, 1:40 pm by The White Law Group
  According to SEC filings, the company blames the Securities and Exchange Commission for its troubles, claiming that by investigating the sales practice of some of the 145 broker-dealer firms that sold the bonds, it harmed GWG’s reputation in the marketplace and prevented it from raising more capital through more GWG L bond sales. [read post]
31 Mar 2014, 12:46 pm
In 1940, Congress passed the Investment Company Act of 1940 to prevent abuses of mutual fund and closed-end fund shareholders by requiring investment companies to release information about material details and about the financial health of each investment company. [read post]