Cases
MoneyGram International, Inc. (MGI)
Securities Class Action
Overview
Overview
- Date:
- 1/22/2019
- Company Name:
- MoneyGram International, Inc.
- Class Period:
- FROM 2/11/2014 TO 11/8/2018
- Status:
- Closed/Complete
NEW YORK, January 22, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of MoneyGram International, Inc. (NASDAQ: MGI).
On November 14, 2018, a complaint was filed alleging that between February 11, 2014 and November 8, 2018, defendants made materially false and misleading statements, and failed to disclose to investors that: (i) MoneyGram was aware for years of high levels of fraud involving its money transfer system; (ii) MoneyGram failed to implement appropriate anti-fraud countermeasures, in part, because doing so would adversely impact its revenue; and (iii) this misconduct would draw scrutiny from the FTC, which had an agreed-upon order requiring MoneyGram to implement a comprehensive anti-fraud program.
If you are a long term stockholder of MoneyGram, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 14, 2018, a complaint was filed alleging that between February 11, 2014 and November 8, 2018, defendants made materially false and misleading statements, and failed to disclose to investors that: (i) MoneyGram was aware for years of high levels of fraud involving its money transfer system; (ii) MoneyGram failed to implement appropriate anti-fraud countermeasures, in part, because doing so would adversely impact its revenue; and (iii) this misconduct would draw scrutiny from the FTC, which had an agreed-upon order requiring MoneyGram to implement a comprehensive anti-fraud program.
If you are a long term stockholder of MoneyGram, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.