Shareholders Foundation, Inc.

Moneygram International Inc (NASDAQ:MGI) Shareholder Alert: Investigation Concerning Possible Wrongdoing

An investigation on behalf of investors in Moneygram International Inc (NASDAQ:MGI) shares over potential wrongdoing at Moneygram was announced and NASDAQ:MGI stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 07/20/2015 -- An investigation on behalf of current long-term investors in shares of Moneygram International Inc (NASDAQ:MGI) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Moneygram.

On April 17, 2014 during an analyst conference call, MGI disclosed the decision by Wal-Mart to introduce competing products across the U.S. Shares of Moneygram International Inc (NASDAQ:MGI) declined from $17.98 per share in April 16, 2014, to $12.59 per share on April 21, 2014.

Investors who purchased shares of Moneygram International Inc (NASDAQ:MGI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Moneygram officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Moneygram International Inc reported that its annual Total Revenue declined from over $1.34 billion in 2007 to over $1.16 billion in 2010 and that its Net Loss of over $1.07 billion turned into a Net Income of $43.80 million in 2010. Shares of Moneygram International Inc (NASDAQ:MGI) grew from $11.85 per share in late 2012 to $23.09 per share in July 2013.

On July 17, 2015, NASDAQ:MGI shares closed at $8.72 per share.

Those who purchased shares of Moneygram International Inc (NASDAQ:MGI), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com