GWG Holdings L Bond Settlement: Who Gets Paid and How

The trust's Settlements page reports D&O approval on January 13, 2026, an effective date of February 13, and distributions beginning July 14. Checked September 10, 2026: https://gwgholdingstrust.com/settlements/. Its Securities Class Action page still describes a proposed settlement, and its Distributions page still says timing is undetermined. These older statements do not match the later dated update.

The linked district-court order on the Settlements page actually opens the September 2025 preliminary order. The current approval and payment information here is attributed to the trustee's dated update, not to that older PDF. Ask Stretto or the trustee to confirm your payment status; we have not verified an individual distribution.

The notice does not provide a separate class claim form or filing deadline. Paragraph 34 says Series A1 Wind Down Trust interest holders are eligible for payment through the Wind Down Trustee. That relies on trust records; receiving this notice alone does not establish the amount owed to you.

If you cannot find your interest or believe the record is wrong, contact Stretto at (833) 307-4634 or [email protected]. Do not send a new class claim to the court.

No. It is an estimated average before fees and costs for each unit representing $1,000 in L Bond principal. The notice uses the total public L Bond debt plus accrued interest at bankruptcy to calculate it. Your actual distribution follows the confirmed bankruptcy plan and allowed-claim records.

The estimate is not an individual maximum, a promise to repay principal, or a rate to add to other trust distributions. The notice expressly says it cannot determine an individual payment.

This notice combines the $50.5 million GWG-defendant settlement and a $450,000 Whitley Penn class settlement. The trust also pursues separate litigation. Its broader recovery totals and distribution estimates cover other settlements too. Do not add those totals to an award shown here.

For example, the separate $8.5 million Whitley Penn trust recovery is described on https://gwgholdingstrust.com/settlements/ (checked September 10, 2026). It is distinct from the $450,000 class settlement in this notice.

The notice allows taxes, notice and administration, and approved legal costs to come out of the fund. Class counsel requested up to $8,376,600 in fees and $500,000 in expenses. It also identifies $8,928,400 for Litigation Trust counsel plus expenses; that is a separate deduction from class counsel's request.

The notice says total attorneys' fees from the GWG-defendant settlement will not exceed 34%. These notice figures are requested or agreed allocations, not a claim that we verified the final class fee order. Members do not receive a personal legal bill for class counsel.

The notice required exclusion requests to arrive by December 30, 2025. Written objections also had to be filed with the court and delivered to the listed counsel by that date. Both deadlines have passed; neither was a claim-submission deadline.

Paragraph 42 gives the full exclusion requirements, and paragraphs 47-51 explain objections, supporting transaction records and requests to speak. An accepted opt-out is outside the class and not bound by its judgment. The notice does not explain every effect on an independently held bankruptcy trust interest; ask the trustee or your lawyer about that distinction.

The notice expressly preserves claims against broker-dealers and investment advisers who sold L Bonds through GWG's sales network under Emerson Equity. It says you did not need to opt out to preserve those claims.

Otherwise, remaining class members are bound by the covered releases, including certain unknown claims. The two settlements have different detailed release definitions in paragraphs 26-33. Consult those terms for a separate claim; the settlements do not admit wrongdoing.

The trust's homepage directs holders with directly registered interests to Computershare for address and account changes. If a broker or custodian holds your interests through the depository system, contact that institution instead. Checked September 10, 2026: https://gwgholdingstrust.com/.

Trust interests do not promise monthly interest or regular dividends. A distribution may also have tax consequences specific to you; use the trustee's notices and your tax adviser for reporting.