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Case Status:    DISMISSED    
On or around 07/21/2014 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: January 31, 2013

According to the Complaint, Voyager Financial Group LLC is a limited liability company organized under the laws of Delaware with a principal place of business in Little Rock, Arkansas. It makes money by the sale of Securities in the form of contracts for the right to receive Veterans Administration and other military structured payments, awards, pensions and/or disability incomes owned by Veterans and Military Retirees throughout the United States.

The Defendants' business includes finding individuals who are receiving structured payments, pensions and/or disability incomes from the government, and offering a lump sum in exchange for their promise to turn over all or a portion of their payments. These individuals, or "sellers", are often ex-military, injured during
service and in need of a large amount of money quickly. Defendants enter into contracts with "sellers" which assign Defendants the right to sell the Securities once an investor is found. The Investor, or "buyer", often retired, is looking for a secure, risk free investment. Defendants use local Selling Agents to participate in the
transactions and obtain money from the Investors to pay a lump sum to the Veteran exchange for a contract assigning the rights to the Veterans' Benefits to the Class Member.

The Complaint alleges that Defendants induced Plaintiff and the other Class Members to enter into such agreements and purchase of such Securities when they knew or should have known that the assignment of such government benefits is illegal under 38 USC 21 § 5301, Nonassignability and Exempt Status of Benefits, facts which were unknown to the Class Members. Defendants knew that the sale of these Securities was not lawful, was not risk free, was not guaranteed to the Investor by the United States government, would not benefit Veterans and would in fact lead to loss of all of some of the Investors' money and gain to Defendants. This scheme did in fact lead to the loss of all or some of the Class Members' money invested and to unlawful gain by Defendants. Defendants fraudulently failed to disclose the true facts to Plaintiff and the other Class Members.

On March 27, 2013, a First Amended Complaint was filed by the plaintiffs against the defendants.


Sector: Financial
Industry: Investment Services
Headquarters: United States


Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 13-CV-00671
JUDGE: Hon. Audrey B. Collins
DATE FILED: 01/31/2013
CLASS PERIOD END: 01/31/2013
  1. Howarth & Smith
    523 West 6th Street Suite 728, Howarth & Smith, CA 90014
    213.955.9400 213.622.0791 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available