NEW YORK, Dec. 11, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased The Western Union Company ("Western Union" or the "Company") (NYSE:WU) common stock between February 7, 2012 and October 30, 2012.
For more information, click here: http://zlk.9nl.com/western-union-wu/.
The complaint alleges that Western Union made materially false and misleading statements and/or omitted materially relevant facts regarding the Company's difficulties stemming from its Southwest Border Agreement (the "Agreement") with Arizona state; this agreement was meant to help stem illegal money laundering practices between the states along the U.S./Mexico border. It is alleged that Western Union failed to disclose that a) the Company was experiencing difficulties complying with its increased compliance duties as required by the Agreement; b) the Company was spending significantly more than forecasted on its efforts to satisfy the Agreement; c) the Company downplayed the impact that necessary changes were having on Company operations; and d) the Company was under competitive pricing pressure to charge a premium for its core money transfer product.
If you suffered a loss in Western Union you have until February 10, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/western-union-wu/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
