Law Offices of Howard G. Smith announces that investors of Western Union
Company ("Western Union" or the "Company") (NYSE:WU) have until February
10, 2014, to move the Court to serve as lead plaintiff in the securities
fraud class action lawsuit filed in the United States District Court for
the District of Colorado on behalf of a class (the "Class") comprising
all persons who purchased the securities of Western Union between
February 7, 2012 and October 30, 2012, inclusive (the "Class Period").
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: (1) Western Union was
experiencing difficulties complying with its increased compliance duties
required by its Southwest Border Agreement with the state of Aizona,
which was to crack down on illegal money laundering practices between
the 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 are a member of the Class described above, you have certain
rights and have until February 10, 2014, to move for lead plaintiff
status. To be a member of the Class you need not take any action at this
time or may retain counsel of your choice. If you purchased shares prior
to the Class Period and wish to learn more concerning 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 firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
[ Back To NFVZone's Homepage ]