Glancy
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the District of
Colorado on behalf of a class (the “Class”) comprising all purchasers of
the common stock of Western
Union Company (“Western Union” or the “Company”) (NYSE:WU) between
February 7, 2012 and October 30, 2012, inclusive (the “Class Period”).
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY
EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER OR IF YOU PURCHASED SHARES PRIOR TO THE CLASS
PERIOD. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS,
TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Western Union provides money movement and payment services worldwide.
The Complaint alleges that during the Class Period the defendants
misrepresented or failed to disclose that the Company:
-
was experiencing difficulties complying with its increased compliance
duties required by its Southwest Border Agreement with the state of
Arizona, which was to crack down on illegal money laundering practices
between the states along the U.S.-Mexico border;
-
was spending significantly more than forecast on its Southwest Border
Agreement compliance and monitoring program;
-
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
-
was under competitive pricing pressure to charge a premium for its
core money transfer product.
If you are a member of the Class described above you may move the Court
no later than February 10, 2014 to serve as lead plaintiff; however, you
must meet certain legal
requirements.
If you wish to learn more about this action or have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2014