SHAREHOLDER ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit Against MoneyGram International Inc. & Encourage...
September 24 2016 - 2:13PM
Business Wire
Goldberg Law PC (the “Firm”) announces a class action lawsuit
has been filed against MoneyGram International Inc. (“MoneyGram” or
the “Company”) (Nasdaq:MGI). Investors who purchased or otherwise
acquired shares pursuant to the company’s secondary public offering
completed on or around April 2, 2014, are encouraged to contact the
Firm in advance of the November 14, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss traced to the
secondary public offering, click here to participate. In
addition, we advise you to contact Michael Goldberg or Brian
Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100,
Los Angeles, CA 90067, at 800-977-7401, to discuss your rights
without cost to you. You can also reach us through the firm’s
website at http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, the Company and underwriters of the
secondary offering violated Sections 11, 12(a)(2), and 15 of the
Securities Act of 1933. Specifically, the complaint alleges that
MoneyGram issued misleading statements and/or failed to disclose
material adverse information in offering documents filed with the
U.S. Securities and Exchange Commission regarding the possibility
of Walmart entering the money transfer business and the
consequences of such a development. On April 17, 2014, Walmart
announced that it would launch a money transfer product on April
24, 2014. When this news was announced, shares of MoneyGram fell in
value, causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160924005022/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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