Next level holdings lawsuit
DEFAULT Ultimate JUDGMENT AGAINST NEXT LEVEL HOLDINGS LLC AND PAUL REGAN. DEFAULT JUDGMENT in favor of Afiancol Colombia S.A.S. against Next Level Holdings LLC, Paul Regan. Immortal Injunctive Relief. Defendants will cease using Plaintiff's marks (Afiancol), in all respects (online, in person, or on any other instruments). Signed by Judge Rodolfo A. Ruiz, II on 5/5/2025. Notice attached document for full details. (gqa)
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ORDER GRANTING DE#22 PLAINTIFF'S MOTION FOR ENTRY OF DEFAULT JUDGMENT AGAINST DEFENDANTS. Signed by Judge Rodolfo A. Ruiz, II on 5/5/2025. See attached document for full details. (gqa)
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Plaintiff's MOTION for Default Judgment Against Defendants and Memorandum of Commandment in Support Thereof by Afiancol Colombia S.A.S..(Rosenson, Alexa)
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| Case Filed: | Dec 19, 2024 |
| Terminated: | Dec 20, 2024 |
| Last checked: Tuesday Jun 17, 2025 4:41 AM EDT |
Defendant Next Level Holdings LLC 777 Brickell Avenue Suite #500-94117 | |
Defendant Paul Regan 777 Brickell Avenue | |
Plaintiff Afiancol Colombia S.A.S. 333 SE 2nd Avenue Suite 4400 | Represented By Alexa Jane Rosenson |
| Docket last updated: 09/05/2025 11:59 PM EDT |
| 1 | 1orderClerk's Notice of Docket Correction - ELECTRONIC CASE Fri 12/20 7:43 AM Clerk's Notice to Filer re: Electronic Case. Case administratively closed - No Initiating Document filed/attached. No further entries will be made on this case . (bb) Related: [-] |
GWG Holdings Lawsuit: What Investors Need to Know
GWG Holdings was a Dallas-based financial firm that issued special bonds called “L Bonds” backed by pools of life insurance policies. In April 2022, GWG – which had sold about $1.6 billion of these bonds – filed for Chapter 11 bankruptcy protection in Texas. This followed months of trouble: missed bond payments, late financial reports, and an SEC inquiry. This article explains who GWG was, how its L Bonds worked, and why the company collapsed. We review the timeline (including missed interest payments, the SEC investigation and bankruptcy filing) and the impact on investors. We also cover recent lawsuit developments (including a proposed settlement) and outline how injured investors can seek recovery, especially through FINRA arbitration.
What Was GWG Holdings and Its L Bonds?
GWG Holdings, Inc. was an alternative-assets company that bought senior life insurance policies and created financial products around them. Its most famous product was the L Bond – a fixed-interest bond sold in $1,000 units. For example, a 2020 GWG prospectus described a continuous offering of 2,000,000 bond Units ($2 billion total) at $1,000 each.
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