Legion Capital Corporation Suspends Bond Maturity Payments – Goodman & Nekvasil, P.A., May Recover Losses
Legion Capital Corporation Suspends Bond Maturity Payments and Bond Interest and/or Preferred Stock Dividend Distributions
On January 8, 2025, Legion Capital Corporation (“Legion”) issued a memorandum to address outstanding Bond obligations and/or Preferred Stock dividend distributions. This memorandum contained the following information:
Legion has not yet obtained the cash liquidity required to make necessary Bond maturity payments as of the first week of January, 2025. Given the terms of our indenture agreement, requiring no more than a 60-day cure period to make these necessary payments, Legion has now made the required default event notification to UMB Bank, indenture trustee. Additionally, current Bond interest and/or preferred stock dividend distributions have been suspended until we are able to satisfy this default status.
Legion Capital Corporation Suspends Bond Maturity Payments and Bond Interest and/or Preferred Stock Dividend Distributions.
Legion Capital Corporation Offerings
Series A-1 Bonds and Preferred Stock Shares are were offered by Legion Capital Corporation for purchase. These securities are marketed and sold by independent broker dealers and registered investment advisers.
The offering is marketed and sold to accredited and non-accredited investors – including qualified money.
Financial reporting for Legion Capital Corporation can be found at the SEC website.
Legion Capital Bonds
Series A-1 Bonds were issued by Legion Capital in 2021. These bonds are speculative and very risky. These Legion Capital Series A-1 Bonds are unrated and they are alternative investments.
Legion Capital Preferred Stock
The stock is traded over the counter (OTC).
You May Recover Losses in Legion Capital Bonds through FINRA Arbitration
We believe that investors who have sustained losses in Legion Capital investments may be able to recover their losses through a FINRA arbitration claim. If you lost money in Legion Capital you can seek the advice of a lawyer who has experience representing investors in investment fraud and broker negligence cases.
At Goodman & Nekvasil we work on a contingency basis for every one of our clients. No recovery equals no fees or costs. This means that, as our client, you owe us nothing unless we obtain a recovery on your behalf. We bear the costs of your case throughout the process, only receiving compensation if you recover some of your losses. If you don’t win a recovery, we don’t get paid. We have aligned our goals with our clients’ goals, and it allows us aggressively to pursue recoveries with all of our resources. We are devoted to achieving the best outcomes for every one of our clients.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
Some of the information in this blog post was obtained from FINRA on 4/1/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.