MoneyGram faces class action lawsuit over XRP claims

Rosen law firm, a global investor rights law firm, announced that it filed a class action lawsuit on behalf of buyers of the securities of MoneyGram International, Inc. (NASDAQ: MGI) between June 17, 2019 and February 22, 2021 inclusive. the “class period”).

A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must reschedule by April 30, 2021 at the latest.

SO WHAT: If you purchased MoneyGram securities during the class period, you may be eligible for compensation without paying any out-of-pocket expenses or costs through a contingent fee agreement.

WHAT TO DO NEXT: To participate in the MoneyGram class action lawsuit, go to http://www.rosenlegal.com/cases-register-2046.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or case@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you want to serve as the lead plaintiff, you must transfer the court by April 30, 2021 at the latest. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.

WHY ROSEN LAW: We encourage investors to select skilled advisors with a track record in leadership roles. Companies that issue notices often lack comparable experience or resources. Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Law firm Rosen has filed its largest class action lawsuit against a Chinese company to date. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The law firm has been in the top 3 every year since 2013 and has collected hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was named the Titan of Plaintiffs’ Bar by Act 360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the classroom, the defendants made false and / or misleading statements and / or failed to disclose that: (1) XRP, the cryptocurrency MoneyGram used as part of its Ripple partnership, was viewed as unregistered and therefore unlawful security from the SEC; (2) Should the SEC decide to enforce securities laws against Ripple, MoneyGram would likely lose the lucrative stream of market development fees that was critical to financial results throughout the class period. and (3) as a result, the defendants’ public statements at all relevant times have been materially false and / or misleading. When the real details hit the market, the lawsuit alleged that investors suffered damage.

To participate in the MoneyGram class action lawsuit, go to http://www.rosenlegal.com/cases-register-2046.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or case@rosenlegal.com for class action information.

No class has been certified. Until a class is certified, you will not be represented by an attorney unless you keep one. You can choose an attorney of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to participate in a possible future recovery does not depend on whether they are the lead plaintiff.

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