September 30, 2024
An Illinois federal judge on Monday tossed a proposed securities class action accusing MoneyGram International of lying about its anti-fraud compliance, finding that the suing investors did not adequately plead any misleading statements or that MoneyGram's executives acted with an intent to deceive.
July 01, 2019
Investors suing MoneyGram over a $125 million fine urged an Illinois federal court Monday not to throw out their proposed securities class action accusing the money transfer company of lying about its anti-fraud compliance, saying the company's argument that its misconduct reflected software kinks doesn't hold water.
May 16, 2019
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.
February 13, 2019
An Illinois federal judge has 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.
November 14, 2018
A MoneyGram International investor lodged a proposed securities class action in Illinois federal court Wednesday accusing the money transfer company of lying about its anti-fraud compliance, leading to overinflated stock prices that sunk after a $125 million settlement with the FTC was revealed.