Cohen Milstein, Levi & Korsinsky Get Lead In MoneyGram Row

Law360 (February 13, 2019, 7:09 PM EST) -- An Illinois federal judge on Tuesday appointed Cohen Milstein Sellers & Toll PLLC and Levi & Korsinsky LLP as co-lead counsel for a proposed securities class action against MoneyGram International Inc. stemming from claims the company lied about its anti-fraud compliance.

The Norfolk County Retirement System and Ozgur Karakurt were chosen as lead plaintiffs because their financial interest is the greatest of any of the investors who sought the position, U.S. District Judge Joan H. Lefkow said. The retirement fund and Karakurt allegedly lost $119,000 and $121,000, respectively, according to court filings.

Investors sued MoneyGram following a stock plunge in November of...

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