Law Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Western Union Company
(“Western Union” or the “Company”) (NYSE:WU) concerning possible
violations of federal securities laws. The investigation focuses on
certain statements issued by Western Union between February 7, 2012 and
October 30, 2012, regarding the Company’s financial performance and
prospects. Please contact Law Offices of Howard G. Smith to discuss this
matter or other potential claims if you purchased Western Union stock
prior to February 7, 2012.
Western Union provides money movement and payment services worldwide.
The investigation is related to allegations that the Company
misrepresented or failed to disclose that: (1) Western Union was
experiencing difficulties complying with its increased duties to enforce
its Southwest Border Agreement with the state of Arizona, and crack down
on illegal money laundering between states along the U.S.-Mexico border;
(2) the Company was spending significantly more than forecast on its
Southwest Border Agreement compliance and monitoring program; (3) the
Company had downplayed the impact that changes in its compliance and
regulatory environment were having on its operations, including its
operations in Mexico and Latin America; and (4) Western Union was under
competitive pricing pressure to charge a premium for its core money
transfer product.
If you purchased Western Union shares, if you have information or would
like to learn more about these claims, or if you purchased shares before
February 7, 2012, and still hold those shares and have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Copyright Business Wire 2013