Company Website:
https://goldberglawpc.com/
LOS ANGELES -- (Business Wire)
Goldberg
Law PC (the “Firm”) announces a class action lawsuit has been filed
against MoneyGram International Inc. (“MoneyGram” or the “Company”)
(Nasdaq:MGI). Investors who purchased or otherwise acquired shares
pursuant to the company’s secondary public offering completed on or
around April 2, 2014, are encouraged to contact the Firm in advance of
the November 14, 2016 lead plaintiff motion
deadline.
If you are a shareholder who suffered a loss traced to the secondary
public offering, click
here to participate. In addition, we advise you to contact
Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the
Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss
your rights without cost to you. You can also reach us through the
firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the complaint, the Company and underwriters of the
secondary offering violated Sections 11, 12(a)(2), and 15 of the
Securities Act of 1933. Specifically, the complaint alleges that
MoneyGram issued misleading statements and/or failed to disclose
material adverse information in offering documents filed with the U.S.
Securities and Exchange Commission regarding the possibility of Walmart
entering the money transfer business and the consequences of such a
development. On April 17, 2014, Walmart announced that it would launch a
money transfer product on April 24, 2014. When this news was announced,
shares of MoneyGram fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160924005022/en/
Contacts:
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian
Schall, Esq., 800-977-7401
info@goldberglawpc.com
www.Goldberglawpc.com
Source: Goldberg Law PC
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