IRVINE, CA / ACCESSWIRE / March 11, 2017 / Khang & Khang LLP (the "Firm") announces the filing of 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.
If you purchased shares of Western Union during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
There has been no class certification in this case. 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 revealed that Western Union confessed to "aiding and abetting wire fraud" by permitting 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 detection. The Company has agreed on a $586 million settlement. When this information was announced to the public, the value of Western Union fell, causing investors serious harm.
If you wish to learn more about this lawsuit, at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP