SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against MoneyGram International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national shareholder rights law firm, has announced that it has filed a class action lawsuit against MoneyGram International, Inc. (“Moneygram” or “the Company”) (NASDAQ: MGI) for violations of Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between June 17, 2019 and February 22, 2021 (including the “Class Period”) are requested to contact the Company before April 30, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at email@example.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. MoneyGram used XRP, the cryptocurrency associated with its Ripple partnership and considered an unregistered and unlawful security by the SEC. If the SEC took enforcement action against Ripple, the company would likely lose a significant revenue stream due to the market development fees it received as a result of the partnership. In fact, the company’s income from these development fees was critical to its financial results. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about MoneyGram, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.