ROSEN, A TOP RANKED LAW FIRM, Files Securities Class Action Lawsuit on Behalf of MoneyGram International, Inc. Investors; Encourages Investors With Losses Over $100K to Secure Counsel Before Important Deadline – MGI

NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) – WHY: 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 move the court no later than April 30, 2021.

SO WHAT: If you have purchased MoneyGram securities during the class period, you may be entitled to compensation free of 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 stand as the lead plaintiff, you must move the court no later than April 30, 2021. 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 qualified 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, 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 unregistered and therefore deemed unlawful SEC security; (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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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel .: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
case@rosenlegal.com
www.rosenlegal.com

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