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Investors Knew Risks Ahead Of $125M Fine, MoneyGram Says

Law360 (May 16, 2019, 4:56 PM EDT) -- MoneyGram International Inc. told an Illinois federal court Thursday that it has always been upfront with investors about the costs and challenges of making its anti-fraud and anti-money laundering compliance programs meet the expectations of government regulators, no matter what a securities suit says.

That is why the suit, filed weeks after the Texas-based company paid a $125 million fine over the U.S. Department of Justice's findings of "significant weaknesses" in those programs, cannot go forward, because the possibility of future penalties was always made known to investors, the company said in a motion.

"MoneyGram made clear to investors throughout the...

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Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Illinois Northern

Nature of Suit



Subscribers Only

Date Filed

November 14, 2018

Law Firms


Government Agencies