The White Law Group is investigating potential claims involving broker-dealers who may have recommended Woodbridge Group investment offerings.
Woodbridge Group is a privately owned company based in Sherman Oaks, CA. The company has raised nearly $1 billion from about 11,000 investors, according to documents filed in the U.S. Bankruptcy Court in Delaware.
The company filed for Chapter 11 bankruptcy on Monday, citing costs of expansion, litigation and a government fraud investigation, according to a press announcement.
Woodbridge is under investigation by the SEC since 2016 for possible fraudulent sales of securities, according to court documents.
The real estate development company said it planned to use Chapter 11 to restructure $750 million in debt and already obtained a commitment for up to $100 million in debtor-in-possession financing.
If you suffered losses investing in a Woodbridge Group offering, the White Law Group may be able to help you through FINRA Arbitration.
Investors can file an arbitration claim or request mediation through The Financial Industry Regulatory Authority (FINRA) when they have a dispute involving the business activities of a brokerage firm or one if its brokers. For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.