An investor, who purchased shares of The Western Union Company (NYSE:WU), filed a lawsuit over alleged violations of Federal Securities Laws by The Western Union Company.
Investors who purchased shares of The Western Union Company (NYSE:WU) have certain options and for certain investors are short and strict deadlines running. Deadline: March 27, 2017. NYSE:WU investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of The Western Union Company (NYSE:WU) common shares between February 24, 2012 and January 19, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 24, 2012 and January 19, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that Western Union’s fraud prevention efforts did not comply with applicable laws, that Western Union willfully failed to maintain an effective anti-money laundering program, that Western Union aided and abetted wire fraud, that for at least five years, Western Union knew of agents structuring transactions designed to avoid the reporting requirements of the Bank Secrecy Act, that Western Union was not compliant with its regulatory responsibilities, that between 2004 and 2012, Western Union violated U.S. laws—the Bank Secrecy Act and anti-fraud statutes—by processing hundreds of thousands of transactions for Western Union agents and others involved in an international consumer fraud scheme, that Western Union knew of but failed to take corrective action against Western Union agents involved in or facilitating fraud-related transactions, that between January 1, 2004 and August 29, 2015, Western Union received at least 550,928 complaints about fraud-induced money transfers, totaling at least $632,721,044, and that as a result, Defendants’ public statements were materially false and misleading at all relevant times.
Shares of The Western Union Company (NYSE:WU) closed on February 13, 2017, at $19.53 per share.
Those who purchased NYSE:WU shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com