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Friday, February 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

A class of MoneyGram shareholders claims the company concealed its failure to implement an anti-fraud program for its money transfer system, causing stock prices to drop 49 percent, or $2.20 per share, when the Federal Trade Commission announced a $125 million settlement over its noncompliance.

CHICAGO – A class of MoneyGram shareholders claims the company concealed its failure to implement an anti-fraud program for its money transfer system, causing stock prices to drop 49 percent, or $2.20 per share, when the Federal Trade Commission announced a $125 million settlement over its noncompliance.

Categories / Business, Government, Securities

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