Los Angeles, CA - 
(NewMediaWire) - April 6, 2021 - The Schall Law Firm, a
national shareholder rights litigation firm, reminds investors of a class
action lawsuit against MoneyGram International, Inc. (“MoneyGram” or “the
Company”) (NASDAQ: MGI) for violations of
§§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the
Company's securities between June 17, 2019 and February 22, 2021, inclusive
(the ''Class Period''), are encouraged to contact the firm before April 30,
2021.
If you are a shareholder who
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 free of charge. You
can also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.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 made false and misleading statements to the market. MoneyGram was
utilizing XRP, the cryptocurrency associated with its Ripple partnership, which
was considered as an unregistered and unlawful security by the SEC. If the SEC
took enforcement action against Ripple, the Company was likely to lose a
significant revenue stream based on market development fees it received due to
the partnership. In fact, the Company’s revenue from these development fees was
critical to its financial results. Based on these facts, the Company’s public
statements were false and materially misleading throughout the class period.
When the market learned the truth about MoneyGram, investors suffered damages.
Join the case to
recover your losses.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
