Complex Claimant Scenario Leads to $1 Million Judgment for Plaintiffs

In a case stemming from alleged losses from GWG L Bonds, two out of six claimants had their claims dismissed with prejudice as a sanction for discovery violations. Later, the respondent broker was found liable to the remaining claimants for over $1 million in damages. A second respondent broker successfully petitioned the Panel for the expungement of this matter from his CRD record. 

_{Case Law Alerts, 3rd Quarter, July 2024 is prepared by Marshall Dennehey to provide information on recent developments of interest to our readers. This publication is not intended to provide legal advice for a specific situation or to create an attorney-client relationship. Copyright © 2024 Marshall Dennehey, all rights reserved. This article may not be reprinted without the express written permission of our firm.}