Business Wire 13-Jan-2019 10:50 PM
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until January 14, 2019 to file lead plaintiff applications in a securities class action lawsuit against MoneyGram International Inc. (NASDAQ:MGI). Investor losses must relate to purchases of the Company's securities between February 11, 2014 and November 8, 2018. This action is pending in the United States District Court for the Northern District of Illinois.
MoneyGram investors should visit us at https://www.claimsfiler.com/cases/view-moneygram-international-inc-securities-litigation-3 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
On November 8, 2018, the FTC announced that MoneyGram had agreed to pay $125 million for failing to comply with prior agreements to implement effective anti-fraud measures. On November 9, 2018, MoneyGram disclosed a 15% decline in Q3 2018 money transfer revenue compared to Q3 2017 based on "the impact of higher compliance standards and newly implemented corridor specific controls."
On this news, the price of MoneyGram's shares plummeted.
The case is Chew v. MoneyGram International, Inc., No. 18-cv-07537.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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