The complaint went on to say that Heppner can prove the statement is false and that Gladstone published his stories with “malice.”declined to comment. Beneficient declined to comment.A Tweet from Gladstone a year ago called out Heppner’s ranch in Anderson County saying its debt was funded by transfers from Beneficient and its former parent company, GWG Holdings, which is in the process of a bankruptcy court-led reorganization.
Other prominent Twitter accounts piled on with likes and replies, according to Beneficient’s lawsuit. “Gladstone’s Twitter audience — and others in the community — have taken Gladstone’s allegations at face value and now believe that Heppner and Beneficient acted improperly,” the lawsuit said.Heppner purchased the Bradley Oaks Ranch in 2003, according to the lawsuit, which noted that was 16 years before GWG started investing what ended up being a total of $230 million in Beneficient.
GWG, which issued high-yield bonds that financed the purchase of life insurance policies on the secondary market, filed for bankruptcy in April 2022 after it missed interest payments to bondholders.
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