An investigation for investors in The Western Union Company (NYSE:WU) shares over potential securities laws violations by The Western Union Company was announced and NYSE:WU stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/24/2017 -- The Western Union Company is under investigation over potential securities laws violations. The investigation was announced on behalf of investors in Western Union Company shares in connection certain financial statements made by the Western Union Company.
Investors who purchased shares of The Western Union Company (NYSE:WU), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by The Western Union Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission announced that Western Union agreed to pay $586 million and admitted to "aiding and abetting wire fraud" by allowing scammers to process transactions even when Western Union realized its agents were disguising transactions to avoid detection.
Shares of The Western Union Company (NYSE:WU) declined to $20.44 per share on January 19, 2017,
On January 20, 2017, NYSE:WU shares closed at $20.98 per share.
Those who purchased shares of The Western Union Company 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