NEW YORK, Nov. 12, 2018 /PRNewswire/ -- Bernstein
Liebhard LLP, a nationally acclaimed investor rights law firm, is
investigating potential securities fraud claims on behalf of
shareholders of MoneyGram International, Inc. ("MoneyGram" or the
"Company") (NASDAQ: MGI) resulting from allegations that MoneyGram
and/or its executives may have issued materially misleading
business information to the investing public.
If you purchased MoneyGram securities, and/or would like to
discuss your legal rights and options, please visit MoneyGram
Shareholder Investigation or contact Daniel
Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
On November 8, 2018, the Federal
Trade Commission ("FTC") announced that Moneygram "has agreed
to pay $125 million to settle
allegations that the company failed to take steps required under a
2009 Federal Trade Commission order to crack down on fraudulent
money transfers that cost U.S. consumers millions of dollars." The
settlement also "resolves allegations that MoneyGram also
violated a separate 2012 deferred prosecution agreement with the
Department of Justice." "The FTC alleges that MoneyGram was aware
for years of the high levels of fraud and suspicious activities
involving certain agents, including large chain agents."
On this news, MoneyGram stock fell $2.20 per share, or over 49%, from its previous
closing price to close at $2.27 per
share on November 9, 2018, damaging
investors.
If you purchased MoneyGram securities, and/or would like to
discuss your legal rights and options, please visit
https://www.bernlieb.com/cases/moneygram-international-inc-mgi-lawsuit-class-action-fraud-stock-93/
or contact Daniel Sadeh toll free at
(877) 779-1414 or dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP