GWG Holdings L Bond losses?

Free Consultation
or call attorney Verónica Irizarry at +1 787-671-3529

Areas of Practice

Corporate Law

We help with your business creation and organization.

Securities Litigation

PIABA member committed to help investors.

Civil Litigation

Attorney admitted in federal and state courts.

Act 60 Individual

We help with your Act 60 application and relocation for Tax exemptions and benefits.

Act 60 Export Services & Commerce Center

We help with your business organization, creation and application for Act 60 Tax exemptions and benefits.

Real Estate Law & Services

We help with all aspects of Real Estate Law.

About Us

Our firm is like family. We truly believe that each case is someone’s life and we need to treat it as such.

Attorney Verónica Irizarry, a native of Ponce, brings years of experience to her securities and commercial litigation practice along with her team of collaborators. We do not see ourselves simply as “lawyers”, but as a group of collaborators always working to be our clients’ trusted counsel in any commercial, securities, real estate, and corporate matters. We believe in integrity, trust, innovation and teamwork. We are committed to serve the island and helping its economical, financial and social development.

Bar Admissions:
Supreme Court of Puerto Rico
U.S District Court for the District of Puerto Rico
U.S Court of Appeals 1st Circuit

Professional Associations:
Puerto Rico Lawyers Bar Association
American Bar Association
Public Investors Arbitration Bar Association

Our Goal
More than just your regular law firm, it is the lawyers you can trust.

Corporate Law

We provide corporate counsel, from general corporate matters such as the incorporation of the company, directors’ and shareholders’ rights, articles of incorporation, board meetings, among others. Also, matters such as mergers, acquisitions, restructuring. As we move from on stage to the other, from negotiation to documentation, our team of accountants, financial advisors and tax lawyers come into play. Together, we have an exemplary team of ambitious and knowledgeable professionals prepared to address your business or transactions. We also help individuals or corporations  enter the island, start operations and/or business under the benefits of the Code of Incentives (Act 60-2019).

Lastly, we provide legal representation in any litigation regarding corporate matters.

Securities Litigation

Verónica Irizarry is actively representing numerous investors who have suffered devastating losses from investing in different products.  Together with her team of collaborators, Verónica Irizarry is committed to helping investors recover those damages to which they are entitled.  Many investors have potential claims against brokerage firms because of the breach of their numerous duties and obligations to investors.

Verónica Irizarry looks forward to the honor of meeting with you and discussing whether FINRA arbitration is viable for you.  

All consultations are confidential and at no cost.  If she believes her team can help you, she will offer to represent you on a contingency fee basis.  Generally, all expenses are advanced on the client’s behalf.  Please remember that the hiring of a lawyer is an important decision that should not be based solely upon advertisements.  Before you decide to hire an attorney, ask the attorney to send you free written information about their qualifications and experience.

Bar Admissions
Supreme Court of Puerto Rico
U.S District Court for the District of Puerto Rico
U.S Court of Appeals 1st Circuit
Professional Associations
Puerto Rico Lawyers Bar Association
American Bar Association
Public Investors Arbitration Bar Association

Civil Litigation

We manage all phases of the civil litigation from the investigation, pleadings and discovery all through the trial, settlement and appeal process. We represent our clients in all Puerto Rico state and federal courts and mediations or arbitrations before the Financial Industry Regulatory Authority (FINRA) and the American Arbitration Association (AAA). Also, any other contractual &/or administrative forum.

experience

I always knew I was made to solve problems in the fastest way possible.  I am driven with the opportunity to make my clients lives easier from day one.  It is not focusing on the problems, but focusing on the solution whether that is inside or outside of court or in arbitration.  Also, it is my ultimate goal to be accessible to every client so they feel they have their lawyer at hand,  at all time.  For me,  that is true service.

FINRA

Arbitration & Mediation

Verónica Irizarry, a native of Ponce, brings years of experience to securities and commercial litigation. She is actively representing numerous investors who have suffered devastating losses. Irizarry and her team of collaborators are committed to helping investors recover those damages to which they are entitled.Many investors have potential claims against brokerage firms because of the breach of their numerous duties and obligations owed to investors.  

Verónica Irizarry looks forward to the honor of meeting with you and discussing whether FINRA arbitration is viable for you. All consultations are confidential and at no cost. If she believes her team can help you, she will offer to represent you on a contingency fee basis. Generally, all expenses are advanced on the client’s behalf.  Please remember that the hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide to hire an attorney, ask the attorney to send you free written information about their qualifications and experience.

Veronica Irizarry
attorney at law

FINRA Arbitration & Mediation Process

1

Private Procedure

2

Evaluating your Claim

3

Filing a Claim

4

Settlement Negotiations

5

Final Arbitration Hearing

1 Private procedure

Compared to resolving a controversy in Court, one of the most appealing features of the arbitration or mediation process in FINRA is its private nature. When a complaint is filed in court, its contents and all subsequent filings are immediately a matter of public record. The complaint itself becomes a public document. In arbitration, however, the Statement of Claim filed is not a public document; there is no Court Clerk to go to and get a copy of the claim. If someone visited the FINRA offices to review a filed Claim, they would not be able to get a copy. This is a private and confidential litigation process. While cases litigated in court are characterized by time consuming and expensive discovery, arbitrations generally do not involve the same degree of discovery. In fact, depositions rarely to ever occur in arbitration. Unless the arbitration proceeds to a final hearing, both the Claim and any Settlement Agreement will be completely confidential. Typically, only the involved parties and regulators will have knowledge of the amount of any settlement. The settlement amount could potentially become part of a public regulatory record, but this rarely occurs. Even if it did, neither details of a Claim nor the underlying facts would become public.

PROCESS
2 Evaluating your claim

Before accepting any case, attorney Verónica Irizarry will evaluate its strengths and weaknesses. She will meet with you in person, regardless of your location, because she believes it’s important to determine how well we can work together in order to achieve the best possible outcome.   She will start by asking you for all documents that she believes are relevant to your case. Depending on the facts, she may need to speak with other people who have knowledge of your case, including but not limited to your accountant.   Before the process begins, a fee agreement will be discussed.  You will not be charged for time she and her team spends reviewing your case to determine whether they will accept it on a contingency fee basis. All fee agreements must be in writing and signed.  Verónica Irizarry will advance the expenses necessary to prosecute your case and obtain the best outcome.

PROCESS
3 filing a claim

If you have a case viable to arbitrate, Veronica Irizarry and her team will work to prepare a Statement of Claim. Once the Statement of Claim is finalized and verified by you, it will be filed with FINRA. The filing is private and not posted in public records.Once claims are filed, final arbitration hearings will likely occur in about eighteen to twenty months. Between the time of filing and the final arbitration hearing, Verónica Irizarry and her team will devote a substantial effort toward preparation, take any step needed, meet with you and other witnesses as often as necessary to prepare the case.  At all stages of the process, Veronica Irizarry will make every effort to be accessible to you. You are welcome to call her cell phone whenever necessary. She will meet in person as often as needed.

process
4 Settlement Negotiations

Commonly, securities firms engage in settlement negotiations before beginning an arbitration hearing. Some investors achieve fair settlements, early in the pursuit of their claims or even at the very end.  Settlements can occur through direct negotiation between attorneys or through formal Mediation can occur at any time during the process and is usually voluntary and non-binding. The parties simply agree on a specific mediator, whose role is to help the parties achieve a fair and reasonable settlement.

process
5 final aribtration hearing

If the parties are unable to reach a settlement, a final Arbitration hearing is likely to occur. There is no predetermined length of time for an Arbitration hearing – that will depend on the facts and circumstances of your case.  Usually, the Arbitration hearing is somewhere between five to eight days long.  At the conclusion of the Arbitration hearing, in about thirty days, the arbitrators render a final decision or Award, by which, with limited exceptions, the parties are bound to abide and will resolve the Claim.

process

GWG Holdings L Bonds

GWG Holdings L Bonds

The GWG Holdings L Bond was a high-yielding debt instrument that financed the purchase of life insurance policies on the secondary market. A type of privately issued, alternative investment, L bonds were created by Dallas-based alternative asset manager GWG Holdings, which ceased selling them, after a previous pause the year earlier, in April 2021.

Product Losses

In April 2022, GWG filed for bankruptcy after accounting issues, client lawsuits, a Securities and Exchange Commission investigation, and the resignation of it Board of Directors.In 2020, the firm's portfolio held 1,081 insurance policies valued at $1.92 billion in benefits. Of that, about half (46%)—$882 million—were said to be in policies covering people 85 and older.The bonds were sold in denominations of $1,000 and the minimum investment value for any one investor was $25,000.

Investments Recovery Services

Investors might be entitled to recover some or all their GWG Holdings L Bonds losses by pursuing their claims against the brokerage firms that recommended and sold these products, through a Financial Industry Regulatory Authority (FINRA) arbitration procedure in the United States.  

If you or someone you know purchased securities offered by GWG Holdings and suffered substantial losses, our office can help you. Please, contact us at your convenience for a free consultation.

Contact us

Considering hiring us ? Our team is ready to guide you. Call attorney Verónica Irizarry at +1 787-671-3529 or sign up to be contacted via email.

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