Emergent Capital Inc.: Emergent Capital, Inc. (EMGC) Bankruptcy  – Recover Investment Losses

Emergent Capital Inc. : Emergent Capital, Inc. (EMGC) Files for Bankruptcy  – Goodman & Nekvasil, P.A., Recovering Investor Losses

Goodman & Nekvasil, P.A., Recovering Investor Losses – Emergent Capital, Inc. Alert: Emergent Capital, Inc. Bankruptcy 

Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments, including Emergent Capital, Inc.

Specialty finance company Emergent Capital Inc. and its wholly owned subsidiary Red Reef Alternative Investments LLC filed a voluntary petition for relief under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware on Oct. 15.

The company entered into restructuring support agreements with certain holders of Emergent Capital’s 8.5% senior secured notes due 2021, and with certain holders of the company’s 5.0% senior unsecured convertible notes due 2023.

It is expected that the proposed restructuring will enable Emergent Capital to avoid unnecessary tax and overhead costs. The company will move its headquarters and operations to Lamington Road DAC, an indirect wholly owned Irish subsidiary.

According to the restructuring agreement, all of Emergent Capital’s outstanding securities, including common shares and both classes of notes, will be converted into new securities that are expected to be traded on a European exchange when the company exits bankruptcy.

The company expects to complete the restructuring and exit Chapter 11 proceedings by the end of 2020.

Even though high yield or junk bonds, notes, limited partnership units, and stock issued by Emergent Capital, Inc.  have considerable risk, overzealous brokers, brokerage firms and registered investment advisors have nonetheless recommended Emergent Capital, Inc. and these types of investments to conservative investors seeking income. We believe that investors in Emergent Capital, Inc. lost a significant amount of their savings when Emergent Capital, Inc. filed for bankruptcy.

Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as Emergent Capital, Inc., and has recovered more than $200 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.

You may have the right to recover your losses from the brokerage firm that sold Emergent Capital, Inc. and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your rights as a creditor in the Emergent Capital, Inc. bankruptcy or your ownership of these investments in any way.

If you incurred losses on your investment in Emergent Capital, Inc. and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.



Contact Us Today!

1 Step 1
FormCraft - WordPress form builder

Leave a Reply

Your email address will not be published. Required fields are marked *