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Investigation for Long-Term Investors in NYSE: MGI shares over possible Wrongdoing at MoneyGram International, Inc.

05-21-2021 08:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in MoneyGram International, Inc. (NYSE: MGI) shares.

An investigation on behalf of current long term investors in MoneyGram International, Inc. (NYSE: MGI) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of MoneyGram International, Inc..

Investors who are current long term investors in MoneyGram International, Inc. (NYSE: MGI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: MGI stocks follows a lawsuit filed against MoneyGram International, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MGI stocks, concerns whether certain MoneyGram International, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that XRP, the cryptocurrency that MoneyGram was utilizing as part of its Ripple partnership, was viewed as an unregistered and therefore unlawful security by the SEC, that in the event that the SEC decided to enforce the securities laws against Ripple, MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results between June 17, 2019 and February 22, 2021, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of MoneyGram International, Inc. (NYSE: MGI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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