EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of MoneyGram International, Inc. Investors – MGI |
NEW YORK – (BUSINESS WIRE) – March 1, 2021–
Law firm Rosen, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of buyers of shares in MoneyGram International, Inc. (NASDAQ: MGI) between June 17, 2019 and February 22, 2021, inclusive “Class Period”). The lawsuit seeks to seek damages for MoneyGram investors under federal securities laws.
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.
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. To join the litigation, visit http://www.rosenlegal.com/cases-register-2046.html or contact Phillip Kim, Esq. the law firm Rosen free of charge at 866-767-3653 or by email at email@example.com or firstname.lastname@example.org.
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to participate in a potential future recovery does not depend on being the lead plaintiff.
Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted one of the top 3 every year since 2013. Law firm Rosen has filed its largest class action lawsuit ever for securities against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors.
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CONTACT: Laurence Rosen, Esq.
275 Madison Avenue, 40th floor
Toll Free: (866) 767-3653
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
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PUB: 03/01/2021 11:10 a.m. / DISC: 03/01/2021 11:10 a.m.
Copyright Business Wire 2021.