LOS ANGELES, CA / ACCESSWIRE / February 22, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against The Western Union Company ("Western Union" or the "Company") (WU). Investors, who purchased or otherwise acquired Western Union securities on the open market between February 24, 2012 and January 19, 2017, both dates inclusive (the "Class Period"), are advised to contact the firm prior to the March 27, 2017 lead plaintiff deadline.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission disclosed that Western Union admitted to "aiding and abetting wire fraud" by allowing illicit money transfers to benefit human traffickers, money laundering schemes, and otherwise enable the transfer of "dirty money."
Western Union also admitted agents were covering money laundering transactions to avoid getting caught. The Company has agreed on a $586 million settlement.
When this information was disclosed to the investing public, the value of Western Union stock fell sharply, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC