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NASDAQ:MGI Long-Term Shareholder Notice: Investigation over Possible Wrongdoing by Certain Directors of MoneyGram International, Inc.

Via: ReleaseWire

Updated 10:02 AM CDT, Fri, March 15,2019

An investigation on behalf of current long term investors in MoneyGram International, Inc. (NASDAQ: MGI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 03/15/2019 -- Certain directors of MoneyGram International, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in MoneyGram International, Inc. (NASDAQ: MGI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: MGI stocks follows a lawsuit filed against MoneyGram International, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MGI stocks, concerns whether certain MoneyGram International, Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that MoneyGram was aware for years of high levels of fraud involving its money transfer system, that MoneyGram failed to implement appropriate anti-fraud countermeasures, in part, because doing so would adversely impact its revenue, that this misconduct would draw scrutiny from the FTC, which had an agreed-upon order requiring MoneyGram to implement a comprehensive anti-fraud program, that this misconduct would draw scrutiny from the Department of Justice, which entered into a Deferred Prosecution Agreement concerning MoneyGram's anti-fraud and anti-money laundering programs, and that as a result, defendants' statements about MoneyGram's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of MoneyGram International, Inc. (NASDAQ: MGI) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqmgi-long-term-shareholder-notice-investigation-over-possible-wrongdoing-by-certain-directors-of-moneygram-international-inc-1173626.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com